Did Chinese Ponzi Scam Cause Bitcoin To Tank 10%?

For the umpteenth time Bitcoin has dumped double digits in a single day … again. Yet the FUD and panic still pervades the scene like a bleak cloud of despair that will be blown away and forgotten within a week.
A Fourth Dip to Four Figures
Since the big rally begun in early April, Bitcoin has fallen back into four figures four times already. Today’s purge, which bottomed out at just below $9,500 according to Tradingview.com, has already seen the asset start to show signs of recovery