‘The next microbubble… to get pricked’

Bitcoin’s (BTC) intensifying sell-off that began last week after Tesla (TSLA) CEO Elon Musk changed his tune on the digital currency has engulfed other cryptocurrencies, as Dogecoin (DOGE), Litecoin (LTC) and Ethereum (ETH) all fell sharply on Wednesday morning.

The current plunge in crypto prices — which analysts attributed to extenuating factors such as China’s decision to more tightly regulate cryptocurrencies, and a market that’s beginning to look overly-speculative — represent a…


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