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Breaking: Bitcoin crashes below $7,000, altcoins follow the lead

Breaking: Bitcoin crashes below $7,000, altcoins follow the lead
Tanya AbrosimovaTanya AbrosimovaIndependent Analyst

Bitcoin (BTC) crashed below $7,000, losing over 8% in a matter of minutes. The downside momentum is gaining traction with $6,500 handle now in sight.

At this stage it is not clear, what might have served as a trigger for the move, but all major altcoins follow the lead and are losing ground quickly.

At the time of writing, BTC/USD is changing hands at $6,830, but the situation is changing every second.

Author

Tanya Abrosimova

Tanya Abrosimova

Independent Analyst

 

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