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5/17, 10:21 PM (Source: TeleTrader)
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Bitcoin crashes nearly $1,000

Bitcoin continued to slide on Friday, plunging over 8%, losing close to $1,000 in less than a day, after it spiked to over $8,000 earlier this week. Some analysts argue that such a massive drop might have been triggered by a major bitcoin holder selling a vast amount of the cryptocurrency on an exchange platform.

Bitcoin traded 8.61% lower at 4:13 pm ET, to go for $7,186. Meanwhile, Ethereum dropped 11.96%, changing hands for $232.92 at 4:16 pm ET. Bitcoin Cash lost 11.03% to sell for $356.62 at the same time.

Breaking the News / GG