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.
Of course it is related. imagine that someone want to dump by converting large amount of bitcoins into altcoins.
and they sell the altcoins for USD or other fiat. this is causing bitcoin price down, and altcoin price is down too.
but i think this is only temporary.