The Bitcoin Price Selloff Continues, But Where Will It End?

It’s been about a year since the bitcoin price peaked at around $19,500, and the cryptocurrency has shifted lower and lower ever since. Some are now going so far as to say that bitcoin is essentially worthless, but not everyone is ready to give up on it yet, despite the fact that it continues to slump further underneath key support levels. Q3 hedge fund letters, conference, scoops etc Putting the bitcoin selloff into perspective The bitcoin price is now down by about 80% from its peak, but Canaccord Genuity analyst Michael Graham is putting the year-long selloff into perspective. In…