Backers hoped than in 2020 a more mature market and fewer retail investors have lowered the chances of the kind of crash that followed its 2017 bubble.
Traders cited for the drop the unwinding of highly leveraged positions built up as bitcoin approached its record, as well as tweets by the CEO of major cryptocurrency exchange Coinbase expressing concern at rumours of a regulatory crackdown.
#btfd
Finally gentlemen, it's happening! The FUD is back, baby!
https://www.cnbc.com/2020/11/26/bitcoin-plunges-by-nearly-3000-after-closing-in-on-its-all-time-record.html
FUD like this is the sign. I've been waiting for it to show up.
There will be more FUD like this next year....all year long.
But we are going to the moon.
#BTFD