Major panic selling can trigger a massive decline – Bitcoints

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Published on June 10th, 2018 | by bitcoin

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Major panic selling can trigger a massive decline

Major panic selling can trigger a massive declineAll markets are in the dirt once again for no apparent reason, with the IOTA price losing a lot of value in the past 24 hours.
IOTA Price Drops like a Brick
It is evident there is a lot of bearish pressure on the cryptocurrency industry as of right now.
To put this into perspective, the IOTA price lost a whopping 13.45% of its value over the past 24 hours alone.
As is always the case when the markets go in the deep red, panic selling will set in sooner or later.
When this happens, the IOTA price will continue to decline at an accelerating pace, and most other top cryptocurrencies will suffer from a similar fate as well.

Source: Digitalmoneytimes.com

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