Bitcoin crashed, why?

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.