BTC down on 12'500
ETC, Ripple, IOTA all down more than 30%.
Whats going on?
thanks
I'd also like to know this.
It seems its either 1. A bitcoin crash taking down all other alts with it as collateral damage, or 2. Something in the environment of cryptos that has influenced such changes.
Collateral damage. it's very difficult to explain, because on many exchanges, main based currency for trading are Bitcoin.
So when Bitcoin was going fall, it can means they moving Btc to altcoins such as Eth, Xrp, Iota, etc. When they sell altcoins to Bitcoin, it should be Bitcoin going to raising, but in fact it's nothing happen.
And now both altcoins and Btc going to down at same time, i have no idea how this happen.