Hey everyone! I don't know why I haven't come here to ask this sooner but does anyone know what has caused this huge dip in the market at the moment? I have investments in DeepOnion and THEKEY, and both have dropped nearly 35%.
I had read something about an exchange having to "dump or hand out" loads of BTC, but wasn't sure if it was related to any of the altcoins?
Thanks.
This news has made bitcoin drop from around 11k to the 9k
https://www.bloomberg.com/news/articles/2018-03-08/bitcoin-s-latest-rub-is-overhang-ghost-from-mt-gox-bankruptcy?srnd=cryptocurriencesAnother FUD from paypal CEO about the crypto is about the experiement gives another bad impact after a little bump yesterday. That doesn't look good. You can try to read the more FUD news to the crypto on the bloomberg. Bloomberg is really popular with so many FUD article to the crypto.
Bitcoin traders get dump, they were feeling panic and sell their altcoin to dump their bitcoin asap. That's it.