Opinion: The FTX scandal has thrown the entire crypto market into disarray. Coins like Litecoin and Dogecoin are rising, while Bitcoin has fallen. What we thought we knew about markets and what the MACD was predicting suddenly broke our minds and itself. This is a crazy storm, a blizzard with the sun still shining. Kind of reminds of me Florida during a hurricane with some people still chilling at the beach.
Bitcoin took a quick dip in the last 24 hours, a 2-4% drop depending on exchanges as Dogecoin has risen with some support from Chief Twit, Elon Musk. Litecoin has risen recently due to spurred news about its halving and sudden popularity as if we couldn't predict when it would halve. lol.
Hive is taking a small hit too with Hive's supply increasing dramatically in just a few short weeks. Blurt is slowly climbing against Hive as a result of that abundance of Hive. Steem is, well, Steem.
Last week was a crazy week, this entire month has been a rollercoaster. It's just Monday and we've already got some crazy things going on. Not just in the cryptoverse, but also in the social media scene too with Elon Musk bringing back more people, more influencers, and the silenced people who appreciate crypto.