Crypto Collapse Accelerates As Bitcoin Miners Turn Cashflow Negative

Wednesday, June 13, 2018
By Paul Martin

by Tyler Durden
ZeroHedge.com
Wed, 06/13/2018

Another day, another leg lower in cryptocurrencies as FUD spreads, this time on the back of headlines exposing market manipulation during last year’s meltup and collapsing margins for miners as prices tumble below breakevens.

It’s been one hell of a week for cryptos…

After the Coinrail hack prompted scaredy-cat South Koreans to dump their crypto, Bitcoin and Ethereum both broke critical technical support levels (BTC $7,000 and 2018 lows; ETH 50DMA & $600 figure).

Bitcoin lowest close since Nov 2017…

The Rest…HERE

One Response to “Crypto Collapse Accelerates As Bitcoin Miners Turn Cashflow Negative”

  1. Robert Edward Lee

    They try to scare the impatient into selling. Don’t fear. Cryptos will pop real good soon. Focus on little sub penny sleeper coins that will go up many more times than Bitcoin. Take 1/2 your profits and buy silver / gold / supplies

    #3648756

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