Market has been sinking for a long time... although the news comming are mostly good.. and today a drop fo 12% of marketcap without a clear reason?¿?
i only can think about : market manipulation!
BTC is supposed to be decentralized.. but i heard some time ago, this just the other way arround.. 2or 3 big mining groups have a 90% of the supply...
what do you think?
dont take a look now at
www.coinmarketcap.com unless you have a healthy hearth.......
It's most likely that it is a market manipulation because everyone seems to start dumping all of their bitcoin or is it really the whales that's doing it? But as we can see in the marketcap it is drastically falling and after the break of almost $5300 it goes up and stop at $5500 range. This could be the result of the FUD if we do have one.
FUD has come from china because there are some miners are reallocating their miner hash power to the bitcoin cash that makes bitcoin will be more easier to be mined by miners. This was decreasing the price of bitcoin. Remember that gives a lot of impact to another crypto at the same time because bitcoin can be considered as the main pegged crypto to the altcoins.