The bitcoin hard fork knows as Segwit2x was “called off” today causing a sudden price spike then drop.
The strange thing about this is that the fork was a major point of dispute for those in the Bitcoin community and posed some risks. One would think that when you eliminate a risk the price would go higher, but not here.
This says to me that people were piling in ahead of the fork in anticipation of a “dividend” and nothing more. That tells me that greed is driving price, and its a bit concerning.