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I feel like the lack of news could be a factor.
Interesting perspective. I didn’t really consider lack of news as a driver given how speculative and FUD driven so much of these swings always are. Crypto has been rather quiet last few weeks compared to last few months. Couple big events on the horizon though so maybe calm before the storm.
People who bought in at $1 in early August are taking profits...
It'll come back up
Also read some suggestions that people are dumping alt coins right now to get in on BTC ahead of the impending hard forks. Would explain the large risk in BTC amidst the dip in alts.
^^rise in BTC*
They need to announce the McDonalds partnership again!