While the hash war is probably responsible for around $15 million in sold Bitcoin over the last week, that shouldnt be enough to effect the market so dramatically. I think were just seeing the end of the bubble coming back to reality. This needed to happen and once the remaining speculators are flushed out of the market, we can begin the ride back up to new highs.
that's my take as well. the bcash drama and associated supply may have catalyzed the selloff, but it just triggered a move that was waiting to happen. i was in denial about it for a while, but BTC needs a good old fashioned capitulation to flush out the weak hands. just like old times.
$3000 looks juicy---i believe masterluc is eyeing that area too.