Bitshares (BTS) Tanks 25% As US-Based Cryptocurrency Exchange BITTREX Posts Delist Notice
I woke up today and do what I assume many of you do the first thing: check the cryptocurrency market!
The market was/is in a minor sell-off.
At this point I haven't found news that has been able to point to any major negative news. If nothing major then the sell-off will likely be temporary.
It's possible the the BITTREX notice that they plan to delist Bitshares (BTS) on October 13th, 2017 triggered a sell off.
As an investor/trader I have to wonder if any other coins/tokens on BITTREX are at risk.
The bigger risk is that any exchange can delist a coin/token and it will send negative price ripples throughout other exchanges that list it.
This strengthens the argument for the need for the market to move towards decentralized exchanges (something that is slowly happening). However that larger discussion is for another post.
- The big takeway now: I expect BTS to recover as the BTS sell-off has nothing to do with the currency itself.
Kryptonaut