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RE: Bitcoin and cryptocurrencies tank, why?
Maybe it was because Crex24 announced they are going to give free coins every day to registered users... So people started acting like Lemmings and sell excess coins because eventually a lot of exchange rates dive hard as people try to hoard as many free coins as possible and sell them as fast as eggs exit the rectal zone.
I'm sticking with my sell everything theory. :) People flee to dollars from anything that is considered a risky asset. Bitcoin and crypto rank pretty high on that risky asset list.