Previously, BitMEX CEO Arthur Hayes saidthat Ethereum is Sitchin, whose price must fall below $ 100. The words of Hayes voiced publicly just at the moment when bitcoin fell to $ 260. Writes about this Bitcoin NEWS.
Why falling Ethereum
Recall that the coin reached its highest value in January of this year. With $ 1400 Ethereum fell to 260 in just six months. The cryptocurrency has lost 79 percent of the cost. Against the background of these events in cryptocommunist even raised concerns about excessive inflation Ethereum.
It is noteworthy that the recent sharp drop in the coins coincided with the listing of its futures trading on BitMEX. Then the air fell by almost 40 percent in a matter of days. The ability to short sell a crypt on a major stock exchange has given the big players a good tool for drainage of its price.
The fact that Hayes supports the fall of Ethereum, talks about the possible manipulation of the price of the asset on BitMEX. Capitalization of bitcoin has fallen almost to 30 billion dollars, so it is already easier to manage for the benefit of big players.
BitMEX CEO predicts massive sale of Ethereum from the hands of large investors. Drain the crypt at the largest exchange can really allow the coin below 200 or even 100 dollars. Let’s hope that the project Vitalik Buterin survive adversity and will live until the next bullrun.
How much keep on you? Brag digits in cryptodata of hontarov.
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