Why did the crypto market crash today?
- Life Zoltar
- Jan 8, 2018
- 1 min read
Today CoinMarketCap removed Korean exchanges from their coin price calculations. Being all coins are around 30% pricier there, it instantly tanked the prices on CoinMarketCap. They did so to try and have a more accurate price representation
My observations:
CoinMarketCap removed Korean exchanges.
All coin prices instantly dropped.
A large number of people did not recognize what actually happened and are now dumping large amounts of coins trying to "cut loses" because of the false impression that coins are crashing.