The Bitcoin rollercoaster is going down again

It's been an exciting weekend in the world of cryptocurrencies. On Friday, Bitcoin and all other major coins plummeted double digits according to CoinMarketCap, following an onslaught of bad news about stricter regulations, grim predictions and nasty scams. Then, after reaching a low of roughly $7,800, Bitcoin rebounded and other coins followed; on Sunday, Bitcoin was trading at over $9,300, and the total cryptocurrency market cap was more than $450 billion again. 

But come Monday and Bitcoin is testing new lows. It is currently trading at $7,762, down 11.3 percent in the last 24 hours. The second largest cryptocurrency by market cap, Ethereum, is down 12.5 percent and is trading at $781, and the third, Ripple, is down 13 percent and is trading at $0.77 per coin.  Read more...