The Bitcoin price is falling – What is happening?

the The price of Bitcoin corrected on the night of 17. May to nearly 7,250 thanks to the US Dollar. The drastic price fall of ten percent covered the entire crypto-market. So, the Altcoins to strength is lost, with a few exceptions, all the Altcoins fell in the Top 100.

By Phillip Horch
17. May 2019BTC$7.173,00 -9.99%part Facebook Twitter LinkedIn xing mail

Who would have thought? After the strong price rises of the last few weeks, the Bitcoin back to the rowing course and is currently 7,250 thanks to the US Dollar. He lost within the last 24 hours, just under ten percent. On the crypto-trading space Bitstamp, the price dropped in the meantime, particularly strong; there he scratched on the 6.100-US-Dollar-brand.

the Effect seems to be a large number of Sell Walls on that stock exchange to be for the course, the course responsible, the total assigned to a single Wallet address. So – in theory – be able to accumulate the "Bitcoin whale," in the current correction back cheaper BTC. A Form of profit, not driving, as it is in the crypto-Space is unusual.

in Addition, a further theory, is the current Bitcoin price is a result of Spoofing. This is a Form of market manipulation, as it is in the regulated financial markets to be prohibited. A market participant sends one or more in relation to the ordinary trading volume of a large sale or purchase orders, only to withdraw them shortly before the execution.

This will ultimately be influenced by other market participants, the Sell and Buy Orders are equally triggered. Those market participants that operate as a result, Spoofing, so get the opportunity to buy cheap and your crypto-currencies to sell at high prices.

Bitcoin price pulls Altcoins with

As so often in the crypto-market plan of the fall of the Bitcoin exchange rate, the entire crypto market. Accordingly, the Ethereum course and the Ether Token lost nearly nine percent, and endowed currently at 239 US dollars.

Particularly hard hit, also the Ripple of the course and the XRP-Token. The same fell on the night of 17. May by nearly 15 percent, and endowed currently at 0.38 US dollars.

In addition, it should be noted that such corrections in the crypto market are nothing Unusual. The both estimated as well as dreaded volatility is back anyway, with further price movements is to be expected.

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