Hey @lexiconical,
I think that the Mt. Gox sell off can be the reason for a little Price drop of Bitcoin, but I cannot believe that 400$ Million can influence the price of Bitcoin that much if we are talking about a coin which holds a market cap of more than 160$ Billion .. trying to look for some other reason for the drop in the past days, but I wasn't really successful besides the FUD about Binance. Would love to hear some thoughts from you and this great community here ! :)
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The legal woes of BCC may factor into this decline. Until the lawsuits are settled, and investors learn how hard the SEC comes down on the exchange, I expect FUD will cause a continued decline in value. Most named in the lawsuits are holding millions in BTC, and most likely will be forced to sell IF served with hefty 'restitution' fines. Of course, this is jmho.
Peace.
Thank you ! You mentioned some interesting points ! :)
✌!