Bitcoin plunges sharply and suddenly

Markets Insider Bitcoin and other cryptocurrencies took a sharp and sudden turn lower Thursday morning. The selling pushed bitcoin below $US3,800 a coin. Watch bitcoin trade live. It may be 2019, but bitcoin is back to its bad habits of 2018. The largest cryptocurrency by market cap plunged sharply and suddenly early Thursday, falling from near $US4,000 a coin to below $US3,800. At last look, it was trading down 5.4% near $US3,807. Its rivals ether(-11.8%), litecoin(-10.2%), and bitcoin cash (-12.9%) were under even more significant pressure. “After Bitcoin’s leap to $US4,000 earlier this week, it seems that we’re now seeing a reversal of this surge which in turn, is also causing XRP and Ethereum’s price to fall,” Mati Greenspan, a senior market analyst at eToro, the global multi-asset investment platform, said. “While Bitcoin was unable to hold on to Sunday’s momentum, it’s important to remember that this price decline still…

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