Deutsche Bank warns a 'bitcoin crash’ is among the market's most significant risks

Stock market bitcoin crash

Altcoins followed the most popular cryptocurrency with Ethereum being one of the exceptions. The second most popular cryptocurrency managed not only to reach a new all-time high but strengthened significantly against Bitcoin.

However, a price crash in Bitcoin or any other cryptocurrency is nothing new. Bitcoin dies and comes back to life on a regular basis.

neste btc

A whole slew of bad news has led to a huge downturn in the crypto economy. Bitfinex is drawing the ireof the US Commodity Futures Trading Commission because the exchange site offers users an option to tether their currency to the American dollar.

The suspicious thing about that is neither Bitfinex nor Tether can necessarily prove they have enough money in bank accounts to back up the USDT token. Overseas, Bitcoin a paypal is cracking down on traders. And then there is South Korea.

Piaci Hírek

The country has no intention to ban cryptocurrency trading outright. But the government has taken steps to remove anonymity from the equation.

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  • Deutsche Bank warns a 'bitcoin crash’ is among the market's most significant risks

South Korean traders must now use their real names. All of this has contributed to the crypto bloodbath.

bitcoin wallet cím újrafelhasználása

By the way. So is the fiat world.

merkur btc

The question is, when will low be low enough? The truth is no one really knows.

Ray Dalio \

As of today, the price is down If that happened in the stock market, news media outlets would call it all over again. In the case of cryptocurrency, increased regulation is the reason for the crash. Those bullish on the long-run however see regulation as a necessary step in stock market bitcoin crash continuing fight to legitimize cryptocurrency and bring it further into the land of mass adoption. Good luck riding the rollercoaster no matter what your investment vehicle of choice.