The chinese exchanges led the sell off, their prices were lower so they prob moved their coins to exchanges outside of china to take advantage of the Arbitrage situation, to sell for higher price, which sent our exchanges dropping. The sooner this mess is behind us the better. We still got japan and korea, and more worldwide exposure due to this chinese pump this year, bring on the decentralized exchanges. We will be over 4k again in no time. Gold bug Jim Rickards and the corrupt banks can kiss our ass, we'll show em how resilient we are.
Bitcoin has been hit hard by individuals and especially by China, which has had a huge impact on Bitcoin prices in the past few days. I think everything is coming back to normal and Bitcoin prices will return to $ 5000 in the next few weeks.