Bitcoin drops sharply and suddenly — and now cryptos across the board are getting slammed | Markets Insider

Bitcoin dropped sharply early Wednesday, falling $500, or about 5%, in just over an hour.
Other cryptocurrencies fell even more sharply, with both ether and Ripple’s XRP losing about 12%.
There does not appear to be a clear catalyst for the sell-off.
The initial drop, however, intensified after Business Insider reported that Goldman Sachs has shelved plans to create a bitcoin trading desk.

via Bitcoin drops sharply and suddenly — and now cryptos across the board are getting slammed | Markets Insider