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Buy the dip or sell everything? Cryptos correct after Yellen criticism – Stockhead

What goes up must come down … and then back up? Cryptocurrency markets were a sea of red Tuesday afternoon (Australia time) with many altcoins suffering double-digit…

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What goes up must come down … and then back up?
Cryptocurrency markets were a sea of red Tuesday afternoon (Australia time) with many altcoins suffering double-digit losses after days of strong gains.
After breaking $US58,000 yesterday, Bitcoin sank as low as $US50,868.03 at 1.24am AEDT today, according to Coinmarketcap. The cryptocurrency was changing hands for below $US48,000 on some exchanges.
While Bitcoin had been trending down for several hours, the price plunge may…

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