💸BTC at $57,000. Main reasons for the dump:
1) Germany sold 3,000 BTC.
2) MtGox conducted several test transactions.
3) An old address containing 119 BTC ($7,000,000) was activated today after 13 years.
All of this sounds like a joke. Panic sellers start dumping their coins in anticipation of a crash, thus creating the crash. Essentially, all three reasons are complete nonsense. The market could easily absorb 3,000 BTC without any impact on the price. The reactivated address is a joke, and the payouts to creditors will take several years and supposedly be at the rate from the time of the exchange's collapse. This is typical FUD, but once again it worked.
