weird drop in bitcoin price on coinmarket cap for one hour

[Oceat]

Well, as you can see that is some kind of quick manipulation there, if anyone has bought it at that current price probably he's getting a profit after it spikes back to $3.8k again. To me it is not that weird, it is just how the market works and it is normal in every situation. It is always unexpected to happen at any time or day, that's why trading is not for everyone.

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[Ucy]

Could be a glitch. Coinmarkcap has been showing wrong price these days. There is a coin I have that show different numbers on coinmarkcap and exchanges. Also depends on how  prices on different exchanges are calculated by Coinmarkcap. Could be "average calculation" and an exchange showed very low or high price and this caused wrong average calculation by  Coinmarkcap.

[Crypto one]

This looks like an exchange have tried to short the market, by adding massiv fake and negative volume, the 24h coinmarketcap volume was 50.8 billions on the first picture and down to an normal volume of around 35 billion on the second picture.
And and its looks like it was only bitcoins volume that was manipulated, from the normal 24h volume of around 10 billions up to a massiv 25 billion volume.

[Babyrica0226]

Well, as you can see that is some kind of quick manipulation there, if anyone has bought it at that current price probably he's getting a profit after it spikes back to $3.8k again. To me it is not that weird, it is just how the market works and it is normal in every situation. It is always unexpected to happen at any time or day, that's why trading is not for everyone.

That's trading was being controlled or manipulated by those whalers, and I agreed that trading is not that easy. And we can't do nothing really in the reality things happens in the actual market platform too.

[miropp]

I noticed that too. It was really weird. But I also did not see this drop on exchanges and other sites with crypto, so I immediately took it for some mistake.

[Reid]

This is just some normal errors with coinmarketcap.
You should not rely on that website most of the time.

Try just staying with exchange like binance or something better. The live price is there.
Look, the reading of CMC is the buying price so any price input with that just sells 1 satoshi could be read by them and could also make some changes.
Besides, there is no accurate price of bitcoin out in the market. They are all different.