Lots of sell orders that push the prices down.Perhaps the traders are reacting to some negative news related to cryptocurrencies or some groups of traders are joining forces to push the prices down (if this is really possible).
I don`t believe that much in most of the trading volume statistics provided by the crypto exchange platforms.
They used to manipulate this data in order to manipulate the traders.
Topic: Can Someone Tell me WHAT JUST HAPPENED? - page 2. (Read 439 times)
So I opened CMC for a moment, just like half an hour ago, and EVERYTHING was red. XRP dropped like 6%, and all the other coins were also down a bit, except for LTC (which rose a few percent).
Then, a few minutes later, it was all over, and the prices right now seem to be going back to normal...
I don't really know what happened here, and I think it could be a good learning chance for me.
So my questions:
(1) What does it mean when stuff like this happens for a brief moment?
(2) Why were all coins (pretty much all) on CMC impacted and turned red for a few minutes?
Thanks.
Then, a few minutes later, it was all over, and the prices right now seem to be going back to normal...
I don't really know what happened here, and I think it could be a good learning chance for me.
So my questions:
(1) What does it mean when stuff like this happens for a brief moment?
(2) Why were all coins (pretty much all) on CMC impacted and turned red for a few minutes?
Thanks.
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