Was that the reason for crypto going down and blood bath? if this is the reason then it's time to fill the bag ASAP.
yes it was the main reason for btc drop, and bitconnect btc sell off contributed to the drop.
When bitconnect went bankrupt they sold all their remaining btc's to fiat which contributed to the price drop from 15.000 to 10.000. When the news released about bitconnect to the public it went from 12.000 to 9.500 because these scammers sold their btcs to fiat.
Now it's just korea news, so hopefully in 7 days it will start pumping again