[2016-06-21] news.bitcoin.com-Bitcoin’s Price Decline Sparks Flywheel Effect...

[wintermeasures]

Bitcoin’s Price Decline Sparks Flywheel Effect in Crypto Markets

There could be multiple reasons the price has dropped so low, as the cryptocurrency world had an eventful run last week.

Currently, most of the blame has been pointed at one large exchange for having network issues and “major outages.” Headquartered in Hong Kong, the popular trading platform Bitfinex closed shop twice and was down for hours.

It is possible that, due to the increase in bitcoin’s value and the recent DAO attack, the Bitfinex blunder got people scared, leading some to dump their coins on the market.

READ MORE >>> https://news.bitcoin.com/bitcoin-price-decline-flywheel-effect/

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[kjlimo]

There could be multiple reasons the price has dropped so low, as the cryptocurrency world had an eventful run last week.

so low?  It's still $600+

I guess it's all relative, heh.