The cryptocurrency market witlessness a rapid drop within the past 24hours with many coins falling by above 10%. The drop is so sudden that it can make one wonder what is going on. What can we say is responsible for this massive movement?
The only thing that governs the bitcoin is its decentralised stuff! This character is such that it puts no limit on its use, trading, buying and selling and much more. This is what affecting the current drop where someone at the corner of globe must be selling his/her huge pile of BTC. There is nothing that moves the prices of bitcoin like that. Only a massive sell can make the prices of bitcoin dump like this. Now it is very hard to trace who that might be besides a wallet address from here huge BTC were transferred to the exchanger for selling purpose. Only that much clue we can get for now and this is the only reason for the current drop.