“I am targeting $8,600 in the near-term as the next major support level,” said Bill Baruch, president of Blue Line Futures. “I think you are seeing a rotation in cryptocurrencies and I think eventually bitcoin will be left behind as it doesn’t fit the new marketplace.”
The full article is here - https://www.kitco.com/news/2018-02-01/Bitcoin-Falls-To-9-000-But-Don-t-Expect-Gold-Price-To-Benefit-Analysts.html
I must be out of touch, because I thought that Bitcoin was evolving, and was becoming a fairly unique intelligent asset transfer service. The new ICOs and pseudo-blockchain offerings may be getting the hype, but I find it difficult to believe that many of them can offer enduring benefits to the world.