FYI: What goes up, must come down; the laws of physics work that way in markets as well.
After an explosive run that sent bitcoin prices up 14-fold in 2017, the digital currency is coming down nearly as fast in 2018. Bitcoin recently hit a low of $3,500, down a whopping 82% from its all-time high of more than $19,500 last year.
Large price swings are nothing new for the notoriously volatile cryptocurrency, but the latest drawdown is among the biggest in bitcoin’s decade-long existence. It’s on par, for example, with the 2014 bust, which sent prices down 86%, from $1,137 to $160
Regards,
Ted
https://www.etf.com/sections/features-and-news/whats-going-bitcoin-etfs?nopaging=1
