Someone just pumped BTC 100 USD
It is impossible for rational thinkers to make sense of this market: Whales and pump and dump entities have destroyed it.
In addition BTC pairs are on the way out and will make BTC worthless.
I agree with you on a certain level,we see alot of pump and dumps done on bitcoin pairs altcoin and this can really destroy the market.However this won't last long,pump and dumps are only effective when the volume is low,when cryptocurrency market get bigger these pump and dumps won't happen anymore as they won't affect the price.You can't compare cryptocurrency to fiat money,as fiat money volume is really huge that the price is not volatile.