Bitcoin crashed, why?
We hope that you followed our advice and did not buy any BTC last week. Well, you did it right. Yesterday bitcoin fell by 12% and now is estimated at $6347. Other cryptocurrencies significantly tumbled too.
First, it happened because someone had started to exchange a huge amount of crypto, allegedly associated with Silk Road, to fiat. Last week a part of 16000 BTC was sent to Bitfinex, another part — to Binance. One more reason to supposedly impact the bitcoin price was the news that Goldman Sachs had dropped its plan to open a trading desk for cryptocurrencies.