What the F! is happening on the market cap? Its falls down and what is the reason? Any link of news If why this market cap falls down? In my opinion some one who hold big supply of BTC dumped. But anyone here can tell me what is the really reason?
I assume that this situation in the market is associated with bitcoin price speculations. Large investors who are now entering the market are ready to invest very large sums. Basically, they buy assets at OTC (over-the-counter markets). But the price in such markets directly depends on the prices on the exchanges. Everyone wants to buy cheaper and sell more. We are observing the same principle now: in order to buy cryptocurrency cheaper at OTC, it is necessary to reduce the price on the exchange. To do this, it is necessary to push the price on the stock exchange by selling BTC for some amount (insignificant for the investor, but tangible for the market) and then at the dumping price to get ...