Bitcoin Price Crash Caused by Panic Sellers and Manipulation (Not Coinrail)

In an effort to pin Bitcoin&#8217;s price drop on anything other than sellers overpowering buyers, mainstream and cryptocurrency-focused media have been eager to blame Coinrail — an irrelevant and incredibly minor cryptocurrency exchange in South Korea. However, the hack of Coinrail is not to blame for the flash crash. Market manipulators and panic sellers are. Panic Selling After a prolonged period of sideways trading, market makers in the cryptocurrency space decided to slice a $42<br />Read More<br />The post Bitcoin Price Crash Caused by Panic Sellers and Manipulation (Not Coinrail) appeared first on Bitcoinist.com.

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