Congrats to Bloomberg they finally succeeded in utilizing their repo and mass following to execute a well planned FUD. A two-month-old news was used and published again with the title "U.S. Regulators Subpoena Crypto Exchange Bitfinex, Tether". This is a mockery of whole crypto community. Here is a full coverage I found on the topic.
https://coingape.com/cryptocurrency-prices-fall-amid-bloombergs-update-about-tether/Thanks to all those who were spreading awareness and reality.
it looks bloomberg is always having another scenario, bloomberg is known about the crypto is very sensitive to the news. Basically a lot of fake news and rumour about crypto that has been spreading by some people.
Just like what already happened when people are spreading about the uncertainty news of crypto in asia the market gives a response with big correction and all of the newbies are feeling panic.