Hello, guys!
The price has dropped by almost 100$ and I am wondering if anyone can properly explain why this happened.
As far as I know, the following things happened:
1. The DAO got robbed - improper term, as this was done using the tools that came with it.
2. Bitfinex was down 3 times yesterday.
3. The Chinese have been pumping over the past 2 weeks. Have they decided to make a profit now?
Is there anything else that contributed to this drop? Can you explain this in layman terms?
Thanks for the time.
many thing that can be Patoka in bitcoin decline. I think some of them are influential factors are the number of users who perform the bitcoin owned holding. they still believe that halving will be profitable. This makes the exchange market to be very quiet on the transaction.