This might be the reason. Just CMC stuff...
Few hours ago Coin Market Cap removed Korean exchanges from their coin price calculations and being that all coins are about 30% pricier over there, it instantly tanked the price on CMC graphs. From what I see this is happening now :
- CMC removed Korean exchanges
- Prices/graphs instantly tanked (but in practice not relevant to people outside Korea who dont trade there anyhow)
- Large number of people did not recognize what actually happened and that there were not moves/selling on their western exchanges
- Those same people are now dumping large amount of coins trying to "cut loses" because of the false impression that coin is crashing.
- Random stuff happening
https://www.reddit.com/r/CryptoCurrency/comments/7oxivj/cmc_just_tumbled_the_whole_market_with_one_move/If people run their trade bots with CMC data, this might cause a massive panic sell by the bots in all currencies...