This pattern of Bitcoin crashing while the QQQ falls a little intraday has been persistent all year, and I have profited handsomely from it.
After so much optimism yesterday over SEC and Ripple, all come crashing down again.
Yet there has been no news or any sort of investigation into this pattern. Such as, who or what is the cause. Is this related to Silk Road Coinbase liquidation, a hedge fund, etc. It's like the price will suddenly fall 2-3 percent intraday. I have long suspected that it is related to Coinbase selling Silk Road coins in batches during market hours, but cannot easily prove it.
https://blockworks.co/news/doj-bitcoin-silk-road-mempool (this came out on the 12th(
https://decrypt.co/148285/us-moves-300m-worth-of-silk-road-bitcoin (also on the 12th