Where Is the Next Level of Support for Bitcoin?

The bloodbath continued.

Bitcoin is now below yesterday’s low.  It hit $9,005 earlier today.

Talks about South Korea and China proposing a ban on the Bitcoin trading exchanges are hitting the cryptocurrencies hard. We already knew South Korea was looking into the whole Bitcoin trading activities last week.  Surprisingly, that didn’t sink in until yesterday. 

Earlier this morning, Bitcoin dipped below 10,000, which officially marked a 50% loss from its all-time high.

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