BitCoin, an experimental, decentralized digital currency, crashed last week losing 79.6% of its value in just two days. The online commodity reached a high of $266.00 on 4/10/13 and reached a low on 4/12/13 of $54.25. It was predicted on a video captured at this link: http://youtu.be/y7GP-SWj0HE and further discussion at this link: http://www.infowars.com/bitcoin-crashes-over-50-just-one-day-after-bold-public-prediction-by-mike-adams-of-natural-news/
As mentioned in the video, it is suggested that central banks manipulated this crash in an attempt to build distrust in non-US regulated currencies. Unlike the stock market stocks, no stop limit rules are in place to halt trading in such a crash.
Gold also lost over $100.00 in value this past week, closing below the $1500.00 level. Another possible event to discourage gold buying? Typically, a big drop in Gold would also trigger a big drop in the DOW, but that did not happen, which I find noteworthy.
Does this type of activity carry over into the currency markets where recently more stability is being seen with the USD pairs and greater movement (swings) in the JPY based pairs? All this to give the USD greater strength? On 4/12/13 the US President Obama also put Japan on 'notice' in a currency report citing Japan is intentionally devaluing the Yen. See article here: http://www.reuters.com/article/2013/04/13/us-usa-treasury-currency-idUSBRE93B12E20130413
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