It looks like Bitcoin is under attack, transaction spam(I think) and coin dumping by a single individual or a group.
I've seen someone posting a chart like this one but I can't find it one. So this is what really is happening. A certain group that's dumping bitcoin while attacking the transactions that results the network to have a massive delays.
Dropped to even $5923 as I type this.
It's now at $5,894
Doesn't sound too far fetched imo, and because the price is falling, people will panic and sell, further motivated by the network spam. People are saying it's Roger Ver , did you guys know he was in jail, an ex-con?
Many are totally panicking as of the moment. I'm monitoring people/traders/investors from different facebook groups and they are keep on spreading FUD about bitcoin. That helps them to spam the network of quickly converting their bitcoin into bitcoin cash and other choice in alt coins. I don't conclude that it is done by Roger Ver but saw a twit from Vitalik pointing it to him together with Jihan Wu and deadalnix. Still don't know who are the people/group behind this attack or believe with that twit.
Just an update it went $5,785 as I type this.