Bitcoin falls below 6000

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He received his masters in journalism from the London College of Communication. Daniel is an expert in corporate finance and equity investing as well as podcast and video production. Learn about our editorial policies Published June 29, The bitcoin sell-off is showing little sign of easing. The downward spiral has coincided with a series of negative reports, including news of several big hacks, talk of tighter regulation and warnings that virtual currency prices are being manipulated by illegal trading practices.

Rather than predict that the latest sell-off could spark an increase in buying activity, cryptocurrency trader Ran Neu-Ner said he expects bitcoin to keep falling. As for bitcoin, the price will continue to drop. While the trader said bitcoin is not a wise investment in the near term, he said now is a good time to consider long-term investments.

A visual representation of the digital Cryptocurrency, Bitcoin, displayed on December 23, in Paris, France. Chesnot Getty Images But crypto investors have been on edge in recent weeks. The coin bounced back only a few days later. Alternatives While Neu-Ner anticipates further declines in bitcoin, he still calls himself a crypto bull.