Bitcoin Drops by $200 – Was it Whales or Regulation?

[kreslik.news]

The price of Bitcoin dropped by $200 in a matter of minutes on Tuesday.

There were two events which may have led to this – two unknown individuals sold millions of dollars’ worth of the cryptocurrency, and the office of the New York Attorney General announced that it is opening an inquiry into the cryptocurrency exchange industry.

Bitcoin whales

Below you can see a wallet balance dropping by 6,500 bitcoins, which at current prices is worth just over $50 million. The owner of the wallet is not known.

In addition to that, another anonymous trader who purchased $400 million dollars’ worth of the cryptocurrency ... (read more)