Literally every day for the last two weeks since China/Asia started FUD'ing cryptos (again) we've seen the same shit. We north Americans pump it up during the day and they dump when they wake up and we're going to bed. It keeps happening. They release FUD news, everyone dumps, market calms for a few hours, north Americans drive the prices back up by buying at "cheap discount prices" then they wake up and sell. There's a bunch of dummies here who keep losing and they keep raking it in. Does no one else see this? They're constantly selling after we're buying.
It's not FUD anymore, Chinese exchanges are ceasing operations, Chinese holders are cashing out before they aren't able to.
Probably there will be a license and regulated Chinese exchanges in the future, for now price will go down as Chinese holders dump their coins.