There's discussion that Bitcoin's dump is part of a bigger domino effect. People borrowed money to buy Bitcoin, gold, and silver. When prices dropped, lenders said "give us more money NOW or we'll sell your stuff." The problem: People didn't have cash, so they sold their OTHER investments to get it. - Bitcoin crashed: people sold gold/silver to cover losses - Gold/silver crashed: people sold Bitcoin to cover losses - Everyone selling at once: everything crashed harder Same old story of fear and greed.(Lark Davis)