ETH dump, apparently. it's diving down like crazee for the past few days. since feb 15 the price went down for about 50% and market cap down by $180M (35%).
What a lot of shite.
People buy BTC...and with that, they buy BTC....
When people cash out of ETH...they cash out into BTC....if those people who made a killing in ETH wanted to really cash out....then this is bad for Bitcoin, cos they would sell ETH for BTC, and then BTC for USD.
Every bit of news about bitcoin actually seem to have an effect to its value, the hospital computer hacker may even have an effect.. just read the threads in this section and you'll see some that mentions why a sudden move of price.
Also check the popular blogs like coindesk and the rest.
This is possible.
If 'they' think that the hopsital authorites are going to be forced to cave into the hacker and buy around 7500 BTC (this is real purchasing....not en-exchange volume ramping or traders back n forth between positions), then 'they' are likely to want to make the hopsital pay as much as possible for those Bitcoin. Why allow the hopsital to buy the BTC for $480, when you can charge em $430?
Edit: I see the hospital have reportedly paid the hackers $17'000 in BTC. I wouldnt have expected them to have admited to paying them anything. I wonder how much they really forked over.