I was wondering why PIVX was crashing along with the BTC price rise.
So I just learned PIVX had a direct fiat pairing added (PIVX/CNY) back at April 20.
https://bitcointalk.org/index.php?topic=1262920.msg18663009#msg18663009That was not a good development IMO... it opens up PIVX to fiat arbitrage.
Like if BTC rises in price, they can get PIVX by BTC->CNY->PIVX in their market,
and dump it on our BTC/PIVX market for more BTC than they started with.
COINBT.CC (PIVX/CNY pair) has a trade volume 352 CNY in past 24 hours according to the exchange.
That is a total of $52 USD. Previous days are less. So I don't think that could cause anything?