Bitcoin prices fell sharply earlier today, declining as markets responded to factors like regulatory ... [+] uncertainty and lackluster trading volume. (Photo by Chesnot/Getty Images) Getty ImagesBitcoin prices approached $7,000 earlier today, reaching a more-than five-month low as traders responded to concerns about regulatory intervention. The digital currency fell to $7,307.39 around noon EST, its lowest since May 18, CoinDesk figures show. At this point, the world’s largest cryptocurrency by market value had lost nearly half of its value since reaching nearly $14,000 in June, additional CoinDesk data reveals. “If momentum reverses or an unexpected catalyst unfolds, price is likely to experience a similarly rapid leap back towards prior resistance levels in mid to late-Q4.”Disclosure: I own some bitcoin, bitcoin cash, litecoin, ether and EOS.

Source: Forbes October 23, 2019 21:00 UTC