How CoinMarketCap Contributed To Cryptocurrency Price Crash

in bitcoin •  7 years ago 

Part of the reason for the recent crash in cryptocurrency markets was CoinMarketCap.com’s decision to exclude South Korean exchanges from its listings. The website, which is also among the most-visited sites in the world, is regularly consulted by investors for the latest prices. It has largely shunned the spotlight, preferring to let its data do the talking.

On the day that the crash occurred, however, the silence proved catastrophic for cryptocurrency investors. Even as hundreds of billions of dollars in value was wiped out from cryptocurrency markets, there was not much comment forthcoming from the site.

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