So I have just heard that the pump or rise in bitcoin value was due to the recent Ransomware attack. And after the recent drop, it makes sense too, I mean the price went up considerably as the demand of bitcoin went up, and now probably they are cashing in their rewards and hence the value is going down.
What do you think?
i don't think that is because of ransomware attack, i think its because many people is getting panic when they see the bitcoin price is getting correction and this make many traders panic and selling their bitcoin. they selling the bitcoin is because they are afraid that bitcoin price will be falling to deep and they don't want to cover the loss so this makes them to click the instant sell button. but after the deep correction, the price now is back to the high price and i think the price soon will reach more high. and congrats for people which buying bitcoin with cheap price so they can sell it at high price.