[oscilloscope]

There was a prolonged dip in the price in this weekend, and I was wondering if this had an effect. There've been many large Bitcoin transactions recently, especially on Bitcoin Black Friday. For instance, Amagi Metals apparently sold $900,000 worth of gold and silver for Bitcoin using Bitpay as their processor.

That alone is currently a significant volume to liquidate. Enough to move the price 4-5% on some exchanges. Bitpay only takes a ~1% fee, but I assume their exchange rate is padded to absorb some of that risk. They may also sell bitcoin off the exchanges, which doesn't have a direct impact on the price.

[kolev]

BitPay takes 1% if you're on the free plan. Otherwise, there's just a monthly fee (well, you need to be on the $300/mo plan to get unlimited volume otherwise you're limited to $300,000/mo and $10,000/transaction)! https://bitpay.com/pricing