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Paying attention before the sudden drop in Bitcoin

Bitcoin, today, a sudden move under $ 4,000 under the CoinFi CEO, a large amount of crypto money transfers before the fall, he noted.

Bitcoin grabbed over $ 4,000 for about four to five days and retreated to $ 3,750 for today’s sales. The number one crypto is the buyer at $ 3,780 a day.

In addition to Bitcoin , the Bloomberg Galaxy Crypto Index, an indicator that follows the largest crypto currencies such as Ether, Litecoin, XRP, dropped by 7.7 percent.

On the other hand, Timothy Tam, the founder and CEO of CoinFi, a crypto-money research company based in Hong Kong, attracted attention. He said about 40,000 Ether had been sent to a stock exchange in one operation, approximately an hour before the fall.

Tam said, “In general, Ethereum has an intention to sell the stock market transfer and if there is a stock market with this domino effect leaps to other stock exchanges, because arbitragegers immediately starts to sell in other stock exchanges.” He said.

Meanwhile, the loss of Ethereum doubled Bitcoin on a percentage basis.

Crypto money this week, the second largest sector of crypto currency Etherea my family made from 51% to Etherea Classic rocked by the attack. Coinbase, one of the largest crypto money exchanges, announced that the damage caused by the attack on the Ethereum Classic network was $ 1.1 million. One of the stock exchanges that suffered from this attack, Gate.io also reported that they lost $ 220,000 worth of Ethereum Classic from their customer funds and that they would cover the losses of their customers.