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DUMMY OR FAT FINGER? $ 38.6 million The sale of Bitcoin sends the prices that are overturning



DUMMY OR FAT FINGER? $ 38.6 million The sale of Bitcoin sends the prices that are overturning

Crypto investors who climbed high above Bitcoin's $ 8,000 increase this week were rude awakening as the only order to sell sent prices up to 13 percent.

The deal, which took place on May 17 at 2:00 UTC, sent Bitcoin prices from $ 7785 to $ 6775 in less than an hour.

Talking with Yahoo! EToro's financial analyst, Simon Peters, explains that "Bitcoin's beeping seemed to have been caused by a substantial sale order that Bitstamp posted earlier this morning, causing sales in other exchanges."

Bitstamp confirmed the transaction in a series of tweets, noting that an immediate investigation of the matter is under way.

Bid by Bitcoin's anonymous kit, it is believed that the sale order is about 5,000 batons, which at the time of the sale would cost approximately $ 38.6 million.

At that time, it was not known whether the sale was deliberate disposal or fatty consumer error on the part of the seller.

It seems Bitcoin has regained some lost positions after the fall and is currently traded around

They do not buy a fairytale for whales

While much of the Cripp community is buzzing with the transaction, not everyone puts the blame on the Bitcoin Kit's feet.

As a result of Bitcoin's upgrading in the past month and a half, where prices have risen more than two times, analysts have predicted a downward trend will be needed to enable the cryptoblock to resume its climb.

Peter's eToro analyst, Matty Greenspan, seems to agree.

"The level of retreat, as well as this writing, is actually perfect. Until now, the top cryptoscale devices have fallen by about 10 [percent] from their last peaks.

"If he stops shortly, he turns around and breaks significantly over the last tops, there is hardly any resistance to the $ 20,000 ranking," he writes.

Some, however, attribute Bitcoin's growth and the subsequent collapse of market manipulation.

Outstanding economist and trader Alex Krueger Shared on Twitter that he believed both the jump and the crash were "deliberately designed".

As Bitcoin goes, it goes into the market

Bitcoin is not the only cryptoLight that has fallen overnight because all seven of the 100 CryptoLogies of CoinMarketCap are in red with numerous losses for the last 24 hours.

During the same one-hour window (02:00 – 0: 300 UTC), some of the top 20 altcoins recorded a drop of 8.5% on average:

  • Bitcoin Cash (BCH): 393.03 to 360.47 (-8.28%)
  • Pulse (XRP): 0.407805 to 0.380216 (-6.76)
  • Ethereum (ETH): 255.38 to 236.05 (-7.56)
  • Litecoin (LTC): 93.72 to 87.48 (-6.65)
  • Binance Coin (BNB): 25.92 to 23.50 (-9.33)
  • TRON (TRX): 0.028089 to 0.025368 (-9.68)
  • Bitcoin SV (BSV): 62.43 to 55.67 (-10.82)
  • Star (XLM): 0.132337 to 0.122028 (-7.78)
  • Cardano (ADA): 0.085657 to 0.07379 (-9.66)

So far, market recovery seems to be slow, as many crypto-points continue to decline.

At the time of publication, the total market capitalization of crippolititis is currently at 222.61 billion dollars, which is a drop of nearly 15% of the high value since the beginning of the year to 263.82 billion dollars.


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