As all of you know that the value dropped from a solid $11.5k to $9.5 recently. Could BitMex, the trading platform for bitcoin on other cryptos, where some users who had difficulty logging into its platform be one of the reasons for it?
It could be. If they have trouble logging on then the trades they had on queue will be on hold for a long time. The effect of this is that they will be holding so much crypto whether it is bitcoin or any other tokens and that way of mass holding can greatly affect the price of bitcoin. I am sure that everything will be fine once the exchange site is fixed. They can move to other exchanges though but that will be irrelevant if they had already started their trade.