Bitcoin plunges below $27,000, erases 2021 gains as cryptocurrency sell-off intensifi

[NewsFeeder]

Bitcoin plunges below $27,000, erases 2021 gains as cryptocurrency sell-off intensifies

Bitcoin slumped below $27,000 Thursday for the first time in over 16 months as cryptocurrency markets extended their losses.

More @ CNBC...

 

[Benny7563]

Shorting Hedge Funds (SHF) and Investment Banks are selling off their Crytocurrency long positions to cover their overextended margin requirements.

I would take what MSM says with a grain of salt.