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The Bitcoin Price Selloff Continues, But Where Will It End?

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Michelle deBoer-Jones
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It's been about a year since the bitcoin price peaked at around $19,500, and the cryptocurrency has shifted lower and lower ever since. Some are now going so far as to say that bitcoin is essentially worthless, but not everyone is ready to give up on it yet, despite the fact that it continues to slump further underneath key support levels.

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Putting the bitcoin selloff into perspective

The bitcoin price is now down by about 80% from its peak, but Canaccord Genuity analyst Michael Graham is putting the year-long selloff into perspective. In his "Bitcoin Monthly" report for December, Graham offered several reasons...

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Michelle deBoer-Jones is editor-in-chief of Hedge Fund Alpha. She also writes comparative analyses of stocks for TipRanks and runs Providence Writing Services. Previously, she was a television news producer for eight years, producing the morning news programs for NBC affiliates in Evansville, Indiana and Huntsville, Alabama and spending a short time at the CBS affiliate in Huntsville.