Despite the positive news seen in the crypto space recently with ICE, the owner of the world’s largest stock exchange, setting up a new bitcoin market, the rumors that bitcoin ETFs are on the way (but maybe not in 2018), and the classification of bitcoin as a commodity by the SEC, the price of bitcoin and altcoins has been steadily dropping in the current downward trend, with bitcoin sliding back below the $7,000 mark once again.
CCN reported yesterday that despite a $5 billion rebound in the crypto market, low trading volume made it more likely that another decline in value was incoming, stating:
“However, in the past several hours, the price of bitcoin and ether have started to drop once again, testing $7,100 and $410. If the volume fails to recover in the next 12 hours, bitcoin and ether will likely breach the $7,000 and $400 levels in a similar way as they did on August 5.”
This has now come to pass, with BitMEX CEO Arthur Hayes stating that BTC may need to test $5,000 before a bottom can be established.
However, Tom Lee of Fundstrat believes he has the answer to what seems to be a failing market, and points to one positive that he feels will save cryptocurrency: bitcoin dominance.
Read more: https://www.ccn.com/bitcoin-the-best-house-in-a-bad-neighborhood-wall-street-strategist/ 
This is the kind of thing that scare traditional investors away and draws speculators to this scene. 
