Quote from: f1rstalex on June 11, 2018, 07:48:54 PM

Quote from: jamesashmore1964 on June 11, 2018, 11:04:48 AM

BTC might rally to 7200 in the short term but 6,000 is the likely outcome!
The reason for the slump is not the exchange hack: Opinion
Whales that manipulated the futures contracts are running for cover and selling. Think about it. They need to sell because if the SEC pursue them they could work a way to freeze their Bitcoin. The SEC and Justice Department are tracking these entities. The whales will liquidate to FIAT and re-enter most probably doing cloaked pumps and dumps on coins!
This is my opinion!

I agree with your opinion.
The market is not stable. The SEC can freeze the assets of speculators. They are not profitable, that's why everyone is selling now.

The market plunged sharply as the US Commodity Futures Trading Commission (CFTC) launched a price-cutting investigation from digital forex trading platforms. This made investors worried about their properties on the exchange floor so they sold so much that the BTC and the whole market cryptocurrency sharply reduced.