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SBF
@SBF_FTX
CoinMarketCap claims that BTC is currently at $7134. That's because two markets are causing the majority of crypto pricing on CoinMarketCap right now. What are they? 100 FTT price to the first person to correctly name them (i.e. two exchange/coin/price_currency triples).
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SBF
@SBF_FTX
The answer that I had: CoinMarketCap starts, basically, by pricing BTC/USD. Then it prices everything off of that--USDT mostly off of BTC/USDT and others off of [x]/[BTC:USDT]. The largest volume "fiat" markest are Coinsbit BTC/USD and P2PB2B BTC/USD according to CMC.
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SBF
@SBF_FTX
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@SBF_FTX
Coinsbit BTC/USD is trading at $7450 (!!!) which is throwing off all of CMC's pricing. No one guessed those markets, but a decent runner up is the Folgory and Coinsbit BTC/EUR markets, which seem to be using the wrong EUR/USD exchange rate (???).
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