Cryptocurrencies crash in brutal sell-off, with bitcoin down nearly 10 percent: The digital currencies have fallen sharply in recent days, and it’s unclear when it will end. - "'But at the end of the day, it drops like this for the same reason it previously skyrocketed the way it did — it is primarily held by rank speculators who lack a thesis for ownership rooted in fundamentals or reality or some definition of value. Speculation cuts both ways and reflects weak hands when things turn south.'"
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