As I can see on the marketplace, it isn't just Bitcoin who is struggling with the price fall, almost every popular coin is hitting an average 10% -15% price fall. What is actually happening? There is something more to this, it can't be that every coin has problems right now. Something bigger is happening..
What hit today was the public being able to trade and buy bch, instead of buying btc at coinbase, they bought bch, the value used to be 10 to 1 btc to bch, since BC embraced BCH the value ratio is now 5 to 1 and the guy that called this blood bath two days ago explained it all at this story and it was posted here 2 days ago before the blood batch hit.
https://www.soladoni.com/bitcoin-cash-bitcoin/Coinbase trading BCH caused the meltdown in value of BTC to BCH
20K to 2K two weeks ago 10 to 1 ratio
Now it's 5 to 1
What caused it?
The entrance of BCH into GDAX so now the public is choosing BCH over BTC