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Newsletter Sidebar. The legendary Silk Road is widely regarded as the first contemporary darknet market. May 28, Alex Moskov. It is believed that insider trading was involved and that fake news catalyzed the price fall. Elizabeth Gail is crypto-enthusiast and a blogger. And now, crypto pundits across the world are struggling to pinpoint the causative elements that led to the crazy hour price-drop. However, all this is still pure speculation and no tangible evidence has yet been brought to light. The exec, however, clarified that the investment bank was working on a non-deliverable bitcoin derivative for its clients. Read More. This field is for validation purposes and should be left unchanged. Elizabeth Gail. The move would have opened the door for institutional investors. With the OTC market being of such a significant size, some analysts speculate that sell-off pressure on these markets, coupled with price manipulation moves may have led to the sudden decline of bitcoin prices.
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May 28, Although it was shut down by the Federal Bureau of Investigations in , and its owner arrested, it has seemingly come back to haunt the cryptocurrency market in , in the form of a bitcoin wallet. May 28, Alex Moskov. The bitcoin dump by the owner of the wallet is believed to have triggered the price slide. According to research undertaken by the Tabb Group in April, over the counter OTC markets constitute a significant portion of the cryptocurrency trading market. The exec, however, clarified that the investment bank was working on a non-deliverable bitcoin derivative for its clients. The brief price spike led many bitcoin enthusiasts to speculate that BTC would build out a higher support. The Bitcoin Cash Roadmap: This field is for validation purposes and should be left unchanged.
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