Bitcoin finds no comfort in 'sell everything' market

Author: Justin Low | Category: Cryptocurrency

Bitcoin down by over 17% on the day

Bitcoin 16-03
ForexLive
Bitcoin initially move higher to start the day after the Fed decision but quickly fell back towards $5,300 thereafter before making its way lower again in European trading.

Price is now back under $5,000 and is now down by over 17% in trading today.

It has been quite the wild ride for Bitcoin over the past week, with price sliding from $8,000 to just under $4,000 at the end of last week before seeing a bit of a reprieve.

But amid the 'sell everything' market, it looks like cryptocurrencies don't really provide much of a shelter either.

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