CFTC claiming market manipulation is behind this HUGE drop.

[Piskeante]

all said in the description.

The CFTC has launched a probe that 4 major crypto-exchanges have been manipulating the prices, creating huge amount of buy operations to pump the market while there was not a demand for that, so inflating the price.

In 24hours the market cap has been reduced by 20 bln.

ETH has lost , only today 10% of its value. 26% in the last 30 days. 63% down from max price in January. Being optimisc about this situation is a disaster. considering that the downtrend has been going on for 6 months now, and that as time passes by, there are no bulls willing to enter, and moreover, everytime there is a pull from bulls the value stays way low than last pull, this is looking very bad. VERY BAD.

the price is dropping like a stone in our heads. This is gonna end very badly.

[alex-nn]

Maybe this info is another market manipulation to dump BTC (to buy cheap BTCs) and in a few days CFTC will claim that all is OK and no manipulation, BTC will rise up again?

[cahkalem]

i agree,, i think the price of bitcoin and other crypto is dropping without any fundamental reason is because market is manipulated now
and they want to get the cheap btc and other coins

[sheenshane]

Maybe this info is another market manipulation to dump BTC (to buy cheap BTCs) and in a few days CFTC will claim that all is OK and no manipulation, BTC will rise up again?

Precisely mate that is price manipulations those whale people who can afford to play the market cap price make the market downtrend and that's the opportunity that they can buy when at a lowered price at sell it when bouncing back again and turn into normal price movement.
Hopefully next week it will be back into the normal price so that I can covert my coins into cash money....( Indeed urgent need )