Two-day bitcoin sell-off wipes off $100 billion from the entire crypto market

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The price of bitcoin slipped over 6% to fall below the $33,000 level for the first time since Jan. 13.

for two funds that may buy bitcoin futures contracts, in the biggest sign yet that institutional investors are flocking to the virtual currency.

Bitcoin bulls say the main reason for bitcoin's upward momentum over recent months has been the rise of institutional demand for bitcoin. Well-known investors like Paul Tudor Jones and Stanley Druckenmiller have come out as bitcoin believers, while some asset managers are starting to add it to their portfolios.

The cryptocurrency's remarkable surge has also been fueled in part by a narrative that it offers a store of value akin to gold in times of unprecedented economic stimulus, which some investors fear will cause a spike in inflation.. The cryptocurrency is known for its volatility — it skyrocketed close to $20,000 in late 2017 before plunging the following year.

 

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MrStockBot Can you show me a $BTC chart?

Dmamging future of the crypto currency.

Time to buy

You can sense the market has turned bearish and the bubble is leaking. Lots of neg sentiment around and the most feared word in crypto. REGULATION ....let's see who has the nerve to stay on board.

Sky is still blue. And Bitcoin is still volatile.

Russians cashing out. They did it in 2016 and 18.

Haha 😂

Funny that we never heard from you when it went up 20K in a month.

Oh My Goodness!!! This really sounds unbelievable. I came across this hacker Hacker1001x and now the amount of bitcoin in my wallet is at the highest it has ever been since I've been into bitcoin! I'm feeling so thankful!!!

Retail traders run today’s markets and aren’t interesting in chasing bitcoin. So institutions are dumping it on each other. $BTC

I met Hacker1001x on here, and right now my wallet has received more that one bitcoin in a few hours after contacting him. What I got is extremely huge compared to it's cost. I'm so happy.

🎤jack you’re on live care to comment? ☕️😏👽🇺🇸 Bitcoin = No downside protection. TimeAndMoney

High functioning anxiety pulsating in a silent server.

I really can't explain how I feel right now, This hacker Hacker1001x got me almost a bitcoin directly into my wallet at a very low cost compare to what I go back in return. I've been waiting for the day I would have this amount of bitcoin as it is in my wallet now!!!

What goes up doesn't always go up

SEC_Investor_Ed wallstreetbets WSJ business YahooFinance MarketWatch voxdotcom Warren Buffett blasted Bitcoin as a worthless delusion and 'rat poison squared.' 'Cryptocurrencies basically have no value and they don't produce anything...

When the BTC ticker appears on CNBC sell everything. Until then, you’re fine.

Don't be scared of the sell off. The only bubble here is USD and other world currencies. The big investors want to scare off the little investors. I've seen this before. Long term both BTC and ETH will rise in value. Success = ACMP (Average cost is less than Market Price)

FUD Bitcoin don’t give 2 shits ✊🕶✊Bitcoin Thuglife

It was spotted the bitcoin had a double spend.... it’s only gonna happen more and more.

Meanwhile it's still sitting comfortably over $32,000

Now do a 20% on Tesla+ Amazon+Apple+ Microsoft. How many Billions?

Do you think this is what people really need right now?

Because all these cryptos are scams.

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