New Year's First Shock: Bitcoin Crashes below $300
After being titled as 2014's worst investment, Bitcoin was expected to leave its poor performance behind to pursue 2015 in a rather bullish manner. But looking at the current BTC/USD chart, it seems like the road ahead is as bumpy as it was before. The pair, in over the last 24 hours, has crashed below $300, to around $290. The price is currently way below its selling threshold, and has entered into an oversold area. As you can see the charts, the last few hours have encountered a huge number of selling orders. It somewhat reminds traders of the November bearhwhale fiasco, in which over....
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