Some authorities think current traditional market instability lies behind Bitcoin’s (BTC) recent plunge, while others feel the alleged PlusToken scam is the cause.
Bill Herrmann, CEO of alternative investment banking firm Wilshire Phoenix, believes Bitcoin’s recent bearishness is simply due to traditional market instability. “The recent drop in the price of bitcoin is a result of the sudden and fierce decline among most asset-classes over the last several weeks,” he told Cointelegraph, adding:
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