$250,000,000 in Bitcoin and Crypto Liquidated as Markets Abruptly Reverse
A specific catalyst for the crash has not been identified at time of publishing, although crypto markets continue to face macro headwinds.
At least that's honest. The plunge happened in morning trading in Asia, rather than the end of trading in America. It isn't so much the scale, as 5% swings happen, but the speed. News like to pick through the garbage to find a cause to create a story. Sometimes, it's just trading algorithms.
A look at the landscape reveals few reasons to be cheerful, especially as the psychopathic elite in the West seem hell-bent into turning the advanced nations into banana republics. The final extraction of wealth - and wellbeing - is a kind of public fracking. The inSecurity Extortion and Coercion commission is so obviously a malicious agent that even some judges have had to slap them down - but not out. Meanwhile, Asia prepares.
and Alibaba.
Even when the huge monetary con is exposed, it is another matter to do something about it.
Some crypto needs to really stop being so naive - protect and survive.
Also, many crypto companies are creating projects and infra outside of their coin - some don't even have one.