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Should you buy cryptocurrencies after Wednesday's selloff?


Bitcoin along with many other cryptocurrencies were deep in the red.
Investors that want to buy the weakness in cryptocurrencies are paying close attention.
The price of Bitcoin BTC/USD lost 20% Wednesday morning, bringing its seven-day losing tally to around 36%. The weakness extended beyond Bitcoin as many high-profiled cryptocurrency names were also down sharply.
Statement warning from China sends BTC lower
Bitcoin was trending lower over the past few days, in part due to Tesla Inc (NASDAQ: TSLA) CEO Elon Musk confirmed on Twitter his company is suspending Bitcoin transactions. While the CEO later clarified this is not the case, investors continued to focus on his public comments regarding the sustainability of Bitcoin mining and transactions. ....

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