Quote from: wxa7115 on Today at 06:58:30 PM

Quote from: Power Man on November 26, 2020, 12:27:49 PM

Ethereum got hit by a massive flash crash today, dropping almost 15% in an hour. We caught the dump during the live stream and analyze the reasons leading to the dump.

Ethereum is heavily correlated to bitcoin so there is nothing to analyze, ethereum fell in price so quickly because the same happened to bitcoin and people got scared, it is as simple as that.

What we really need to find out is why the price of bitcoin went down, and I really think this has to do more with external factors than anything related to bitcoin, yesterday it was reported that the results of the vaccine were not as good as first believed and that there were mistakes on the production and the research and this made some markets to lose some ground and to go down and I think bitcoin was affected by this.

a big dump in short period time happend because a huge selling actions in the markets
thats why ethereum price down hard in just 1 hour mate, i think this is a profit taking actions from traders,
but, for sure in the near time we will see the price growing back again my friend