Crypto Carnage Continues: Bitcoin Down $5,000 From Record Highs, Schiff Says 'Mark It Zero'

After an exuberant few days following Coinbase's adoption of Bitcoin Cash, the forked currency has collapsed back below $3000.
For the 4th night in the last 5, someone has started slamming Bitcoin at around 8pmET, pushing the biggest cryptocurrency back below $15,000 for the first time in two weeks...
Catalysts for the drop are unclear other than systematic selling pressure as Asia opens. There was chatter about the lack of security in South Korean local exchanges, but it is unlikely that is the cause for now.