Blame Bitcoin’s Crash on These Sharp New Players – MarketWatch

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Futures trading in bitcoin opened the door for naysayers to participate in the trading market, which had previously been largely dominated by true believers. Now the naysayers have pushed bitcoin’s price down sharply. Since closing at a peak above $19,000 on December 18 — on the first day of futures trading — bitcoin has lost almost half of its value.Where will the price go from here? Now arbitrageurs can mine bitcoin and sell in the futures market.

Source: Blame bitcoin’s crash on these sharp new players – MarketWatch

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