Crypto’s black Wednesday: Where do we go from here?

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  • November 18, 2018

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Cryptocurrencies are notoriously volatile, but even seasoned traders were taken aback by the price action on Wednesday and Thursday. 

Bitcoin is down roughly 15% compared to the day before and is trading at $5,380 on Coinbase at writing time. Ethereum fared even worse, dropping roughly 17% to $171 and losing the position of the second largest coin by market cap to Ripple, which is also down more than 10% in the last 24 hours. 

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We’ve seen sharp price drops like these before, but this selloff is notable for several reasons. For one, it came after nearly three months of relative stability in the crypto market; some even pointed out that Bitcoin has become more stable than some of the stocks listed on Nasdaq.  Read more…

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Crypto’s black Wednesday: Where do we go from here?