From a Sunday high of nearly $20,000 per digital coin, Bitcoin dropped more than 60% to a price as low as $12,000 on Friday afternoon.

Almost simultaneously, the cryptocurrency exchange Coinbase announced that it had halted trading in Bitcoin Cash over concerns that the exchanges’ employees may have engaged in insider trading—another possible shock to investor confidence.

Some recent Bitcoin buyers have described trying to actually use bitcoin for purchases, only to run into the reality of the network’s absurdly high transaction fees. Those fees have risen steadily for years due to crowding on the network.

Goldman Is Setting Up a Cryptocurrency Trading Desk

Goldman Sachs Group Inc. is setting up a trading desk to make markets in digital currencies such as bitcoin, according to people with knowledge of the strategy. The bank aims to get the business running by the end of June, if not earlier, two of the people said. Another said it’s still trying to work out security issues as well as how it would hold, or custody, the assets

And ; http://fortune.com/2017/12/21/bitcoin-price-drops-infighting/

Thanks for the article. I just posted a similar one for those interested. https://steemit.com/cryptocurrency/@realestatecoach/bitcoin-if-you-sell-know-why-avoid-fear-choices

It seems well explaind than this one, keep it up . Thanks for info..

this dip was inevitable, but i didn't expect it to be this big almost 200b have been disappeared in 12 hours, however i think its a very good time to add some more

The long rally had to end at some point, because of traditional pump and dump strategy . Investors take profits and sold their bitcoins which cause sudden fall in price

Market cap is already climbing ;) gotta be faster on the news in crypto land

The really ended now , because investors took profits, and sell off cause bitcoin to plummet loosing its most of tge gains. Now lets see when next rally will begin ....

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https://www.bloomberg.com/news/articles/2017-12-21/goldman-is-said-to-be-building-a-cryptocurrency-trading-desk

Mr bot , i gave this link in my post... thnx

Bitcoin Price Drops 60% in last week As Public Sell off goes on ...

From a Sunday high of nearly $20,000 per digital coin, Bitcoin dropped more than 60% to a price as low as $12,000 on Friday afternoon.

Goldman Is Setting Up a Cryptocurrency Trading Desk