I saw the STEEM dump. My theory is that people were waiting to deposit Steem so that they can sell. When their deposit went through, they sold. This perhaps triggered bot trading. Price of Steem for a very short time touched about $0.73 but bounced right back.
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Oh my goodness, where did you see this price drop @socky? I would have bought 10000 STEEM if they are available at $0.73.
On Binance. I think it was too short to buy and to little volume.