Bitcoin Price Crash Caused by Panic Sellers and Manipulation (Not Coinrail)
After a prolonged period of sideways trading, market makers in the cryptocurrency space decided to slice a $42 billion chunk off the total market capitalization over the weekend. Bitcoin is now down more than 50 percent on the year.
The vast majority of mainstream and cryptocurrency-focused media has pinned the collapse on the low-profile hack of Coinrail — a borderline irrelevant exchange ranked 90th by trade volume that most readers had never previously heard of.
Coinrail is not to blame. Panic sellers are.
Another article on why crypto is falling so hard, I've always wanted to own dozens of bitcoin, might get my chance.... :(
Read the article here...
http://bitcoinist.com/bitcoin-price-panic-sellers-manipulation-coinrail/
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Thank you, I could use some good news :(