How does the price of Bitcoin rise and fall at the same time in different exchanges and in different time-zones at the same time to a same degree?

Ticker

1 BTC = $37816.02 USD  (via Coinbase)
1 ETH = $2499.91 USD  (via Coinbase)
1 LTC = $110.00 USD  (via Coinbase)
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Reason 1: Could be Stop-Loss orders

Reason 2: Trading Bots [I'm very new to this tech, so this is pure speculation]

Q: How do people from different time-zones know to sell at the exact same time and up to an exact point?

The drop that happened on January 10, 2019, caused the price of Bitcoin to fall by an approximate $406 if I remember it correctly, and a whopping $223 in an hour.

I checked Coinbase, BitMEX, Bitfinex, Bitstamp, all showed the exact amount of drop at the exact time [be it one-hour, one-day, 15 min charts].

Can someone explain this?

submitted by /u/mahad3v9
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1 CRYPTO

Crypto News & ICO Reviews

1 News - 247 News - 247 Bitcoin - 1 Search

BTC - BCH - ETH - LITE - XRP

Buy Sell Trade Crypto Here

 

Ticker

1 BTC = $37816.02 USD  (via Coinbase)
1 ETH = $2499.91 USD  (via Coinbase)
1 LTC = $110.00 USD  (via Coinbase)
Quotes delayed up to 2 minutes.

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