Post
Topic
Board Economics
Re: The Latest Crypto Price Dip Is Fueled By Fake News Relating to Quantum Computers
by
casperBGD
on 25/09/2019, 05:59:59 UTC
The piece of news from google was a couple days ago, there's no connection between that and todays 'dip'. The price was going sideways for too long, expectations for Bakkt were too high, and we're seeing a large decrease in price following weeks of stability. We might go back to ~$10k but it may 'dip' again.

i agree, it is a matter of technical, there was a sideways trading last days, margin were low, and stop loss triggering enforced decrease, since there was a tone of them within low margin from last week stable price, and that was the main reason for the dip to go this down, we will see how this is going to play further

here is a link to support this opinion
https://www.coindesk.com/bitcoins-price-slides-1000-in-30-minutes-after-margin-calls-at-bitmex