See the BTC dump? Its due to Bitfinex.
Luckily now you need just 20 USD worth to do so. So change stuff to USD thats low, buy BTC - get out if the news below scare you.
NY Attorney General sues Bitfinex and Tether
"According to documents provided to OAG by Respondents, by 2018, Bitfinex had placed over one billion dollars of co-mingled customer and corporate funds with Crypto Capital," the suit notes.
BTC from BFX Hack Moving
550 BTC from addresses connected to the bitfinex hack were moved
https://blockchair.com/bitcoin/outputs?q=is_spent(true),time(2016-08-02),spending_time(2019-04-25)&s=value(desc)#
PSA - https://twitter.com/kingscrownBTC/status/1121615300548366337
BTC withdrawals get stuck, change BTC to EOS or ETH
It actually is very good news but people got scared and dumped. Its already going back up and the pressure upwards is very high. We should be seeing $5,300 by tomorrow.
Getting rid of shady companies such as Tether means greater stability and less likely of a chance of other companies repeating this shady stuff.
It is actually great news for cryptocurrency. Plus hell we knew a year ago Tether was doing shady shit when everyone that came to audit them backed out.
What a nice moment to invest in bitcoin and other currencies. As you say, it should get up very soon. All or almost all cryptos on Bitfinex went down fast (as in the image down here) and will be recovering also fast IMHO.
BFX reply
Wow, they really know how to make monies @kingscrown
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As long as we stay about $5,000 I’d say everything is moving along nicely. People forget where Bitcoin was just a few months back
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📈 Bitcoin 30m zoom chart 📉
OK, so the way is down. And still not enought volume to fill the BIG bags. No volume means no interest and no panic. Come on people, start to panic, whales need to dump on you those shitty Tethers 😂
Short targets 4980 (for bullish bounce scenario), ~4750 (for neutral), and then 4300 for last defence. Fingers crossed for bullish scenario 🤞