What's behind the latest Bitcoin meltdown? The perfect correction storm.
A list of recent factors that may have contributed to the latest cryptocurrency price plunge (not in any particular order):
Synchronicity with U.S. tech stocks (FANG, or rather FAANG) selloff.
https://www.reuters.com/article/us-usa-stocks-idUSKBN1961D7Scaling debate. Ante upping, dustup between BitMain's SegWit2x UAHF and BIP 148 UASF advocates.
http://www.coindesk.com/game-of-bluffs-with-bitmain-plan-bitcoin-scaling-becomes-digital-missile-crisis/Latest salvo of the establishment's war on cryptocurrency.
A) U.S. Congress "Combating Money Laundering, Terrorist Financing, and Counterfeiting Act of 2017” SEC. 13.
https://www.congress.gov/bill/115th-congress/senate-bill/1241/text#toc-idea0e9489fc8f46379f95bb56c8bbbda5B) Head of Bundesbank suggesting that digital currencies could potentially make financial crises more devastating.
http://www.businessinsider.com/jens-weidmann-warns-on-risks-of-bitcoin-2017-6Bot wars. Bots doing what they do best. Sell high, buy low.
Bitfinex issues with DDOS IOTA wallets.
https://cointelegraph.com/news/bitfinex-undergoing-ddos-attack-iota-wallets-temporarily-unavailableTypical retreat after a record run.
Reaction to the possibility of the 'flippening'.
The evolving legal saga between former customers of now-defunct Cryptsy and Coinbase.
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