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Bitcoin is getting smashed

- 9:05 am
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  • Prices have fallen to less than $US6,500 and are now at their lowest level since November.
  • Technical analysis suggests that falls to below $US3,000 could be in store
  • Other major cryptos have lost between 40-70% over the last month amid the global regulatory crackdown.

Bitcoin is getting sold off in Asian trade, as regional stock markets crash in the wake of the Dow’s huge falls overnight.

Cryptos saw a brief rally earlier this morning as US stocks got sold off into the close, with Bitcoin rising 6% from its intra-day lows to back above $US7,000.

See the rest of the story at Business Insider

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