Bitcoin and cryptocurrency markets were suddenly sold off today, with the bitcoin price losing around $200 per bitcoin in minutes and dipping under the psychological $7,000 mark once again—continuing a period of relative volatility for digital tokens. Bitcoin-rivals ethereum, Ripple's XRP, bitcoin cash, litecoin, EOS and binance coin were also heavily sold off, wiping billions of dollars from the combined cryptocurrency market capitalization. The bitcoin price has been swinging wildly over recent months as traders and investors try to guess ... [+] how regulators will treat the bitcoin and crypto industry in 2020. SOPA Images/LightRocket via Getty ImagesThe cause of the sudden sell-off was not immediately clear, however, analysts have noted a drop in crypto market trading volume recently. Earlier this year, bitcoin and cryptocurrency price watchers warned that "dismal" bitcoin volumes could mean the market was headed for a perfect storm.

Source: Forbes December 16, 2019 22:32 UTC