Gold is down.
Silver is down, too.
I would guess those holding gold/silver/bitcoin sold off to produce more liquidity for themselves or its a form of price manipulation
Silver is down, too.
I would guess those holding gold/silver/bitcoin sold off to produce more liquidity for themselves or its a form of price manipulation
Did you check how much gold went down?
It is somewhere in the range of 1-1.5%. Basically, the change is just bordering on average daily volatility of this metal (and it's already rebounded to 1,243 dollars per ounce). Regarding cryptocurrency going south, the explanation is simple, and I've been telling it for a week already. The market had been mostly undecided for the last few days, and now as the Judgment day draws nearer, people become nervous and anxious, so it shouldn't surprise anyone that they are looking to cash out. I suspect we should see extreme volatility in July
The market had been mostly undecided for the last few days, and now as the Judgment day draws nearer, people become nervous and anxious, so it shouldn't surprise anyone that they are looking to cash out. I suspect we should see extreme volatility in July
Thank you Deisik. Judgement day, do you mean Segwit?
August, 1st, yeah
But markets have always been, in essence, a place where uncertainty prevails, and therefore we have seen similar declines and volatility in the price at other times with no clear reasons. It is valid trying to justify this market behavior under the light of the information that we have at hand, but just as these days the price has dropped before this uncertain panorama, in the same way we could see in the next days a new upward correction still under the same circumstances because that is how free market works.