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RE: Why has Steem crashed to as low as $1.05 ?
The current reason for the drop is because of a market correction, due to Ethereum getting over the ICOs fever and network congestion, and of course Bitcoin BIP 148 activating on August 1st, which may cause Bitcoin to hard fork
https://steemit.com/bitcoin/@rainelemental/day-9-bitcoin-price-crash-explained-july-august