It appears the US equity market’s failure to break Dow 20k once again has sparked a selling avalanche in Bitcoin (which just tumbled from $970 to 950 in minutes). Most notably is the huge volume of sellers in BTCChina – relatively odd given its midnight there…
Or is this The PBOC intervening as capital outflows accelerate?
Notably, this happened earlier…
But…
- *PBOC SAYS REPORTS OF ONSHORE CNY/USD RATE BREAKING 7 INACCURATE
via http://ift.tt/2hNL3yT Tyler Durden