Is there any reason why the btc price is dropping again? Im keep checking the news and i cant find anything which could be the reason of a 200+ drop in the last day...
Also, it looks like the bitcoin is always dropping fridays / over the weekend?
Mainly because people are panicking over the entire situation in China. Most of which is obvious FUD and is completely unconfirmed(such as the rumors of the Chinese government banning miners in China).
Chinese exchanges are still trading below western exchanges which means that people want to get out in China right now, and is one of the causes of this dump.
Anyways, price has stabilize quite a bit and right now is holding up nicely at $3700. I expect it to make a recovery to $4000.