https://coinpick.today/42-billion-lost-in-an-hour-panic-selling-and-market-manipulation-are-the-primary-reasons-of-bitcoin-slump/The Bitcoin price crash was caused by market manipulation and panic selling, rather than the Coinrail hack that mainstream media attributed it to.
The price of Bitcoin and other cryptocurrencies have dropped over the past few hours, with Bitcoin now trading above the $6,700 mark. This means that Bitcoin has plunged down by 11% over the past 24 hours. This sudden market crash has got the whole cryptocurrency market talking and the mainstream media and other cryptocurrency news sites are attributing this crash to the Coinrail hack that occurred yesterday.
However, some market experts and traders have claimed that the hack of a minor cryptocurrency exchange isnt the reason why the market is down, rather the main catalysts are market manipulation and panic selling by most traders.