BTC is right now trading at 513.13 on Bitstamp. Inspite of many positive feedback, we haven't seen upwards price moment in past few months. Now, when CFPB warned customer of Bitcoin calling it 'wild west', we've seen downwards moments. Why is it so that positive news dosen't have same impacts as negative news?
What do you think?
No need to think. The initial root-cause analysis says that the avalanche effect started off at Bitfinex HKG exchange (by dropping a truckload of coins ofcourse) and other opportunists started encashing on arbitrage and prices dropped in all exchanges.
Guess this will keep on happening since the exchanges have variable scale/technical ability or/and no incentive to act against manipulation. The price stability is a distant dream.