Crypto Carnage Continues – Bitcoin Below $9000

After a triple whammy of FUD this week (SEC crackdown, Mt.Gox overhang, and Japan shutdowns), cryptocurrencies are seeing broad-based selling pressure (majors down around 20-25%) with Bitcoin back under $9000.

Correlation has picked up once again as cryptos push lower…

 

And Bitcoin quickly broke through $10k and $9k barriers…

 

But it’s a sea of red across the crypto-space…

 

With Ethereum back in the red year-to-date…

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