heres the story about the exit scam https://www.youtube.com/watch?v=7vlt0lLzzYQ&ab_channel=SlightlySociable
basically, Empire Market was the most recent edition of the Silk Road. The admin took all the Bitcoins and ran. Guessing it was a few millions of dollars worth of Bitcoins. So maybe he dumped them yesterday and that's what caused the price to drop?
Think we'll see the price walk back up over, if this is the reason. Seller is gone!
Here's another cause presented to us so many reasons of the dumps if these are all true, including the miners dump then we are lucky that Bitcoin is still at this level because with so many dumping their bags Bitcoin could have dropped to $9500 as one predictions I've read, investors have now a good reason to trust Bitcoin even more, the price is now in a correction we need sometime for the price to peak again.