I wonder if that resentment would have been the same toward the Internet in 1997. You know, that useless thing for hackers and scammers that only benefits crime and should be regulated like heck by governments for our safety.

BTC fell through a few of these whole number price floors on the way down, this is just the one that finally broke the momentum. If it is going to continue to fall then downward pressure will build up until it overwhelms these buy orders and it will crack down to the next floor. Kind of like the 40k to 30k fall, the 30k to 20k fall or the 20k to 16k fall.