Shortly after topping $5,000 (according to several exchanges), Bitcoin began to tumble dramatically – now down almost $500 – erasing all the post-North-Korea missile anxiety gains.
Ethereum crashed even more…
In fact, 9 of the 10 largest cryptocurrencies are all plunging this morning…
While there is no specific catalyst for this drop, we note that in the last few days, regulators in Russia, and China, and now the US have begun cracking down on ICOs.
It's starting. http://pic.twitter.com/ZpfW8Kb9jT
— BitCrypto'ed???? (@Bitfinexed) September 1, 2017
via http://ift.tt/2gAWZrN Tyler Durden