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Bitcoin sell-off could spark a market contagion, analyst warns

December 22, 2017

Via: CNBC

If the price of bitcoin continues to drop, other markets could begin to feel the heat, according to Ron William, founder and principle market strategist at RW Market Advisory.

Bitcoin was seen trading below a psychologically key mark of $13,000 Friday, shaving $3,000 from its value in less than 12 hours.

William said that a fall in the digital currency’s price is “very normal” but that a “broader contagion story” could loom if it headed down further.

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