Crypto Market Chaos: Crypto Community Quick to Blame Goldman Sachs, Silk Road Bitcoin Liquidation More Likely

2018-9-6 23:51

The cryptocurrency market is in the midst of a selling frenzy, with Bitcoin, Ethereum and most altcoins experiencing a sharp and sudden drop in value. A major sell-off, which began at 4:40 p.m. UTC +7:00 on Wednesday saw total cryptocurrency market capitalization lose almost $12 billion in just one hour.

While the crypto community may be quick to reference circumstantial evidence that Goldman Sachs may be terminating plans to launch a cryptocurrency trading desk, the current sell-off is closely linked to the movement of over 111,000 BTC from wallets associated with purported Silk Road operator Ross “Dread Pirate Roberts” Ulbricht.

The post Crypto Market Chaos: Crypto Community Quick to Blame Goldman Sachs, Silk Road Bitcoin Liquidation More Likely appeared first on CryptoSlate.

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$ 0 (+0.00%)
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Crypto market adds $150 billion in 24 hours: Why is Bitcoin up today?

Bitcoin (BTC) trades at $92,900, up 4% on the day, as $150 billion flowed into the total crypto market cap, a 3% gain as of press time. The price briefly touched $94,600 before pulling back, capping a session that saw adoption news from traditional finance converge with macro easing expectations and forced liquidations of leveraged […] The post Crypto market adds $150 billion in 24 hours: Why is Bitcoin up today? appeared first on CryptoSlate.

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