A lot of folks on twitter and youtube are saying we'll dump. Will it be soul crushing?
Edit: Also I have my new hat, thanks homer! Stylin' and profilin'!
Yep, its the end of the world! 0.25% dump! What are we gonna do?
In recent months, there seems to be some ongoing desire to get some additional froth out of bcash and ethereum... .. Bcash is really pushing it's yearly bottom (at $406.32 today), and ethereum had that yearly bottom a few months ago at ($167.25), but currently ETH seems to be holding its own.
Any of us might have noticed that there has been more up and down in bcash and ethereum in recent months too, like they want to pump them, but cannot, and I remain uncertain about whether the alt coins are keeping BTC from going up, or if some other dynamic is causing such pressures to keep BTC down for as long as possible.
With the latest of the BTC dumps in the past hour, we did get some of the tether using exchanges (such as bitfinex and binance) to come more in line with the KYC exchanges (such as bitstamp, coinbase, gemini)... so there is that seemingly regularization dynamic.
Edit: I posted about 17 seconds after what you had said: hahahahahaha
This price action looks like more USDT/Bitfinex correction to me. This is where the volume was and it took a larger hit than other exchanges.
Somewhat painful, but kinda going in the right direction, imo.
*EDIT* Woof and what was that little spike up?