The bitcoin-US dollar exchange rate fell below $4,000 on Tuesday, extending losses in the overnight trade to hit a three-week low of $3,781.
At press time, the cryptocurrency is trading at $3,844 levels, which amounts to a 25% drop from the record high of $5,000 on September 2. Perhaps more notably, month-on-month, BTC is now trading dead flat for the first time in since June.
Rumor has it bitcoin is feeling the pinch of speculation that the Chinese government is launching a crackdown on exchanges. A few others are blaming JP Morgan CEO Jamie Dimon's scathing attack on bitcoin for the meltdown in the prices seen today
Source: https://www.coindesk.com/correction-not-crash-bitcoin-price-eyes-3000-traders-take-profits/
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Gud information
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Thanks for sharing
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