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Speculation
Re: Crypto's getting pummelled today...
by
cryptozark
on
08/01/2014, 02:13:40 UTC
The most likely reason in my opinion is that TaoBao (the chinese Ebay) is blocking anything related to Crypto. Also, there's a rumor that the FBI is going to dump their seized Silk Road assets.
http://techcrunch.com/2014/01/07/the-silk-roads-libertas-is-free-to-the-annoyance-of-us-authorities/
However, I think many people believe that is just shoddy reporting and not true at all. It could still incite some panic though.