This morning saw Bitcoin prices drop like a knife, cutting up the Bulls along the way. It looks like we are in full correction mode as rumors about potential US government SEC regulations sanctioned by a Judge's ruling could clear the way for a strong crackdown on Cryptos. Seeing as Cryptos challenge US dollar's dominance as a World Reserve Currency, we should expect the worst in the coming months. Regardless of the outlook, this is not a Bullish development for the near term future.
News:
SEC Crackdown Rumors Spook The Markets:
https://www.zerohedge.com/news/2018-03-07/cryptos-are-suddenly-dumping
Crypto Exchange Making Big Bucks:
https://www.zerohedge.com/news/2018-03-06/worlds-largest-crypto-exchanges-are-raking-3m-day
