WHY DID THE CRYPTO-MARKET FALL OUT

I saw a lot of price consolidation last week, which means the price range which something trades was becoming smaller and smaller. We were hoping for some bullish movement, however, the market did not have enough demand and there was a hack of a fairly big exchange in Korea. This didn't help market sentiment and fear and panic ensued. So, these factors combined made for a $45 billion dollar pull out of the market from around $340 to about $295 billion. Part of this is the fact that if the price drops it triggers traders stops to sell, then more selling happens. What is crazy is that the market is still bullish year over year.

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