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Topic
Board Press
[2018-06-11]Bitcoin's Price Is Below $7K And (Some) Hodlers Aren't So Happy
by
Portal_Network
on 12/06/2018, 03:17:01 UTC
The price of bitcoin hit a two-month low over the weekend – and social media is alight with speculation about it.

While pundits don't quite agree on the circumstances behind the plunge (with some blaming reports of a widening manipulation crackdown, the hack of South Korean crypto exchange Coinrail or just some pre-week selling), what's clear is that the price move has acted as a kind of social thunderbolt for the community, spurring commentary from all sides.

Investor Alistair Milne ran a Twitter poll on Sunday soliciting input on what people thought sparked the dip – in perhaps a sign of the times, half of the roughly 3,700 respondents blamed "aliens" with 9 percent and 12 percent blaming the Coinrail hack and the CFTC subpoenas, respectively.

See more: https://www.coindesk.com/why-bitcoins-price-7k-social-media-some-arent-happy/