Quote from: Coinworld.story on Today at 11:07:37 AM

I think that this is almost the same as stocks, I think people always overreact. On the other hand, it shows how small and concentrated bitcoin is. Whereas in all countries there are many banks, and if one bank collapses, the currency will not follow.

But one exchange sued (has yet to collapse), and currently bitcoin lost 5% in a fairly short amount of time. It's not normal. There may not be enough exchanges, so going down shouldn't have any effect on the value of the bitcoin.

Indeed, it can be seen in behavior and can be observed in the stock market, where people tend to overreact. However, it also highlights the relatively small and concentrated nature of the bitcoin market. Even though some countries have multiple banks, this abnormality suggests that there may be an insufficient number of exchanges, causing a downward move to impact the overall value of bitcoin.