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Following the most agressive drop in Bitcoin in almost three years (plunging 37% from its highs in 5 days)... Bitcoin is now down over $7000 from its highs...

Every bounce is sold...

Surveying the damage this morning is nothing short of a bloodbath

Source

If one looks carefully, one can find a few glints of green - Tether, NXT, Komodo, Bitcoin Dark, and SmartCash but they are all microcap.

Futures and spot fell together with various circuit-breakers kicking in...

Earlier this year, we reported that in its 52-years of operation sandwich chain Subway - for the first time ever - contracted in 2016, closing 359 U.S. locations. Bloomberg described the situation as the “biggest retrenchment in the history of the restaurant chain” whose total store count dropped 1.3% from 27,103 in 2015 to 26,744, while the company failed to keep up with the latest fast-food eatery trends.

Spanish stocks and the euro fell, while Spanish government bond yields hit their highest levels in over a month after Catalan secessionists delivered an unexpected blow to the government of Spanish PM Rajoy by winning the Catalan regional election. Meanwhile across the Atlantic, U.S. equity futures and the dollar rose on the last trading session before the Christmas holiday. The MSCI index of world stocks was flat.

Marcello Minenna, a division head at the Italian securities regulator, emailed his plan to "Cure the Eurozone".

Contrary to what casual observers might believe, the Cboe and CME weren’t the first exchanges to offer trading and clearing of bitcoin derivatives in the US - that distinction belongs to a relatively obscure company called LedgerX, which received permission from the CFTC over the summer to create the first swap execution facility - or SEF - allowing it to clear trades of bitcoin-focused options.