Haven't combed my news feeds yet to see what is up, but I am assuming someone said something somewhere that bitcoin investors didn't like.
Anyone know what the drop was about?
Anyone know why BTC just dipped over $1k in about an hour?
7 years ago in #btc by jondoe (76)
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Looks like it dropped about 10 billion Dollars in Market cap enguaging the drop in price. This looks like market Manipulation due quick movement back up to over 190 billion. If we look at now it's grown every 10 billion in market cap seems to be another 1000 in price in the USD BTC exchange.
Not sure what it was but it recovered almost as quickly.
It looked like market manipulation. I'm new to looking at these charts but on the depth chart the dip looked unnaturally quick and seemed to coincide with a similar dip in Litecoin - I'm guessing someone wanted to acquire some more.
The exchanges went down at the same time. Maybe their market maker bots got turned off at the same time and rug was pulled?
No idea buddy.
You and me both.