Hello everybody!
This morning, or during the morning and noon, the price of BTC dropped quite drastically. For some exchanges, even the support level of $ 7800 was broken, at least for a short time.
Reason for this could be that with HitBTC one of the larger stock exchanges was forced to stop the service. Officially this was caused by a hardware failure. Since HitBTC is one of the Top 10 Exchanges, this almost inevitably leads to a temporary market reaction. Especially when specific information is missing.
Here is the message from HitBTC:
Dear traders, the HitBTC exchange is temporary unavailable from 11:25 UTC due to a hardware fault. We are working on resolving it - please allow maximum 2 hours for full recovery. Your funds are safe.
HitBTC (@hitbtc) 31. Juli 2018
Albeit, I was just able to log in again just now. Since everything is still as it should be, I do not expect that damage has occurred.
The market should relax and BTC can continue on its journey.
Your JP