So, you wanna know what is really happening? the US government are taxing those who are in possesion of bitcoins and they are being obliged to file before the first week of June. Now, here is the deal: if they appear to have no bitcoins by June, they would only be taxed for what they have earned prior. But if they have bitcoins, there will be a different computation for their taxes... that definitely caused a mass selling. Now do the math.
The Tax Seasons are just unfair to everyone who doesnt have millions in savings, all the whales will accumulate bitcoins for cheap during tax season and then sell it off once the price rises again.
Talking about equality and fair chances, once again its hyper capitalism and the government is fucking it up for the small citizen.