Probably a very large sell off that compromised ETH price temporarily (like the same thing that happened a week or 2 ago). I doubt it's anything to worry about.
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Probably a very large sell off that compromised ETH price temporarily (like the same thing that happened a week or 2 ago). I doubt it's anything to worry about.
Why would people sell off. I mean the geopolitical uncertainties is not decreasing. Is it possible that the unnatural rise in the value during the beginning of the month was heavy buying by bankers for the sole purpose of creating high volatility just like they do it in precious metal? So the cryptos are getting into the grip of manipulation as well? This is sad, if true.
I'm just speculating on this particular case involving Ethereum, I don't actually know. But that's what made the price tank last week - one individual sold all of theirs at once and the price dropped, but only temporarily.
Investors switch their positions all the time, it's how they make money. Even if Ethereum looks promising for the future, someone may have needed the capital that was tied up in it so they liquidated in order to take a new position/opportunity.
Could be true but looking at the value of transaction (price and volume required by the buyer), it has to exceed over $500 million before all the limit orders were filled. Let's see what happens by EOD today. EOS would have launched by then.
I'll definitely be keeping an eye on it. Thanks for the updates!