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CryptoGlobe
2018-10-12 14:45:00

Bitcoin (BTC) Experiencing 'Massive Sell-Off', Global Equities Market Struggling, Veteran Market Analyst Says

Bitcoin (BTC) price may continue to drop further as investors are looking to sell all assets which are perceived as high-risk, veteran market analyst says. Bitcoin's ability to function as a store of value (SoV) is now being questioned and it might not replace gold as an SoV, Oanda analyst Craig Erlam said. BTC's 5% drop in the past 48 hours has come when the global equity market is also experiencing some of its "worst sessions."