opinion Recent Big Bitcoin Price Decline, anyone know why?

[namemarket]

I don't follow the market closely but was surprised to see news on CME Bitcoin futures in what looks like a major bear market and trading today at a low $4,354. If you look at charts there is not much technical analysis support until the 1,900 level. Does anyone know or can guess about what's causing the apparent collapse?

 

[Jurgen Wolf]

All markets are down on stock market.

Not all definitely.
https://www.cnbc.com/2019/01/03/glo...e-the-best-and-worst-performers-in-2018-.html

 

[johnnie018]

All markets are down on stock market. Tech stocks are taking a hit. Cryptos going with it. Cryptos and blockchains will be here after the crash, just as the internet is here after the .com crash at the turn of the century. IMO

Bad comparison, most things don’t come back after a bubble!

 

[Internet.Domains]

Not all definitely.
https://www.cnbc.com/2019/01/03/glo...e-the-best-and-worst-performers-in-2018-.html

I was speaking of the markets on that particular day, almost six weeks ago. Looking back I should have worded that better. Thanks!