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FUD, Fake News Fueled Bitcoin Price Downfall as Analysts Predict Rebound

  • Alex Dovbnya
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    Bitcoin’s recent crash has been attributed to a bout of FUD that has largely been identified as fake news


FUD, Fake News Fueled Bitcoin Price Downfall as Analysts Predict Rebound

The past few days have seen Bitcoin price plummet to around $7,800 as fears of heavy regulation and banning came out of India. This news was preceded by similar sentiments emanating from South Korea, only that both these rumors turned out to be untrue.

In a statement made from India’s finance minister Arun Jaitley, a misinterpretation appeared to cause spread a fresh wave of fear, uncertainty and doubt, across the crypto community as panic buttons were pushed once again.

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