Analyst: Multi-billion dollar PlusToken scam could be what caused Bitcoin’s drop to $6,600

2019-11-27 15:58

The third-largest Ponzi scam in history, Plus Token Wallet, could be responsible for the drop in price Bitcoin saw last week. According to one analyst, the massive liquidation from the Plus Token scam caused an abnormal effect on the market, leading to an increased sell pressure that forced miners to capitulate way ahead of schedule.

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Bitcoin Price Plunges to $9,610 in Violent 16% Pullback: What Caused the Collapse?

By CCN Markets: The bitcoin price has dropped by more than 16 percent within three days, slipping below $10,000, a level that has been regarded as a key psychological level by many investors. While some analysts have suggested that the sell-off of bitcoin from the operators of a scam in China may have fueled the […] The post Bitcoin Price Plunges to $9,610 in Violent 16% Pullback: What Caused the Collapse? appeared first on CCN Markets

2019-8-15 09:29