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RE: What Triggered The Cryptocurrency Bloodbath? - Crypto Lark Interview

Yes, and also the specific STEEM issue with Poloniex wallets for STEEM in maintenance over a month now. That's why it keeps leading the price down. If you look at coinmarketcap markets tab you'll see the price on Poloniex for STEEM is always .10-.20 lower than on any other exchange. Then a few hours later the other exchanges follow that price lower. There is no necessary bottom if Poloniex doesn't fix its STEEM wallets, because everyone is looking for the greater fool right now. Everyone holding STEEM on there eventually realizes they can't withdraw it, so tries to sell it for whatever of their initial investment they can recoup. Where does that end?

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