Internet Computer
Why Internet Computer is down 6.7% today
Analysis
Internet Computer (ICP) fell 6.7% over the past 24 hours amid reports tying the drop to a Coinbase outage that may have disrupted trading and liquidity for ICP. CryptoPotato noted ICP was down as much as 10% on the day and raised the possibility that the exchange disruption contributed to the sell-off and heightened volatility.
Contributing Factors (1)
Internet Computer (ICP) Tumbles 10% Daily: Is Coinbase Responsible for the Plunge?
Following the price retreat, ICP dropped down to the 55th-biggest cryptocurrency.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.