The great Bitcoin bubble is popping – Bank of America

The greatest bubble in history is popping, according to Bank of America Corp.

The cryptocurrency is tracking the downfalls of the other massive asset-price bubbles in history less than one year out from its record, analysts lead by Chief Investment Strategist Michael Hartnett wrote in a note Sunday.

The cryptocurrency has fallen more than 65 percent since peaking in December at $19,511. Bitcoin rose 2.2 percent to $6,750 on Monday.

@Bitcoin account suspended on Twitter

Bitcoin and Bitcoin Cash’s most fervent supporters are at it again and Twitter has become a bitter battlefield.

The latest victim? The @Bitcoin Twitter account was suspended.

@Bitcoin carries the name of the largest cryptocurrency but, just like Bitcoin.com, frequently issued statements supporting Bitcoin Cash, which split from Bitcoin last year over a disagreement on how the technology should scale.

These posts don’t sit well with supporters of the original Bitcoin blockchain, including a group of developers called Bitcoin Core.

The fight between the two groups prompted prominent blockchain developer Jeff Garzik and others, to attribute the suspension to the endless complaints about @Bitcoin that Twitter was likely getting from Bitcoin Core supporters. Twitter didn’t state reasons for the suspension.

Now read: Chinese city launches $1.6-billion blockchain fund

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The great Bitcoin bubble is popping – Bank of America