Steem dips to almost 5$ what is going on?

in steem •  7 years ago 

I woke up like 30 minutes ago and saw steem making a huge dip down suddenly to the 5$-mark.
Does someone knows what is going on here?

Meaby some whales who liked to sell some profits? Anyhow I saw poloniex dipped even lower to the 3$ levels.. That was quite scary. At the same moment bittrex did 8$ STEEM.

All very strange if you ask me. There has been predicted STEEM is going to know new hights very soon so I expected it to spike up instead of down. Let's see what the other days will bring us.

Here you can see on the graphic what I just told you:

1.png

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

Dips come & go ;)

Probably just people powering down and selling some profits after last weeks rise. It takes 7 days to get your first power down payment. 7 days ago we were at an all time high.

Even at $5, Steem is up very high compared to the recent weeks, last year. This is just a healthy correction.

I saw the dip as well then 10 minutes ago it was back up to $6 - Maybe the chinese are finally trading STEEM <) NO WORRIES with STEEM just waiting for SBD to eventually retract to its home at the pegged $1 ya know

There are a lot of good cryptos taking dips today so I wouldn't panic to much. Seems like a normal and expected alt coin correction for the most part. SBD ain't going anywhere so just breath and relax.

How do you check the SBD price?

most of the market is red maybe because of the bad news from Korea and china i think its causing steem to suffer the same fate as the rest, hope things will change

Hope STEEM just crouched to jump higher)

Ya DIGG!!

Check my last blog

Is it going to crash down? :(

Coinmarket cap changed their algorithm. Three Korean Exchanges (where crypto's traded at higher prices than western) were cut out. So naturally the prices are going down if you remove the highest values from your comparison.

That doesn't necessarily mean that Steem is down bad.

not only the steem and sbd many of crypto is falling down!!! i withraw my xrp and my bitcoin i will buy again when the traders are awake!

As of checking, the value is now around $4+, cryptocurrencies are all volatile just like steem.