Banks don't control the market. They have enough money to manipulate the market. The large drop was probably caused by a dip in bitcoin that happened last night because of the new of a posable split. Then panic set in as people tried to sell causing supply to increase and demand to decrease, causing the price to fall even further. The website is down for me, but the app is working.
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Thanks for explaining this Spike. You're right. They manipulate markets. I'll try to buy on the app.
The App is down too.