Bitcoin falls below $14,000

Bitcoin is currently $13,765 on Coinmarketcap, which makes it a 30% dip from the latest all-time high achieved 5 days ago. There are currently no big and harmful events similar to the Mt Gox collapse, so this is extremely likely a natural correction after the long bullish trend that lasted almost the whole autumn.

The attention of the traditional market towards Bitcoin has become much higher now that Bitcoin futures are launched by both CME and CBOE, and this news was quickly posted in the major outlets. The BBC’s technology correspondent Rory Cellan-Jones, who repeatedly implied Bitcoin is a bubble, now notes that those who bought Bitcoin during the weekend are unluckiest today — and it’s hard not to agree with this statement. Meanwhile, bloggers who invested in cryptocurrency when it was during the low prices tell the newbies to hold their cryptos and not act rashly, as they are familiar with the volatility of coins. Some of them even predicted the price decrease ten days ago, and they are not the Yale graduates.

It is very likely that we are going to see the fall that will shock everyone, and then another growth, like it happened at the beginning of this September.