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Bitcoin is down 10%, Ethereum 20%. I am afraid it is not just Japan.
by trte9343r4 2y ago
Bitcoin is down 10%, Ethereum 20%. I am afraid it is not just Japan.
- monero-xmr 2y agoTo be honest, crypto is a rounding error compared to the movements we are observing in traditional markets. It has a very high psychological presence but its market cap is still essentially zero
- trte9343r4 2y agoIt trades 24/7 and moves very fast. It is a good way to check recent events.
- bdcravens 2y agoThere was a time (prior to the massive drops during the pandemic) that BTC almost always moved in the opposite direction from the stock market.
- wslh 2y agoWhen the market was less diverse or not even a "perfect" market. Now you have ETFs where institutions and people can access BTC in a full US compliant way.
- bitcoinlol 2y agoIt is as good as wind direction. It is instead a finger on the pulse of the scamosohere. It will crash at 10 minutes past the next SBF saga. Until then it is influenced by Paolo Ardoino and Micheal Saylor, Texas Grid Subsidies and now maybe Donald Trumps bid for election. Disclosure: am a coiner.
- ikt 2y agoYep, can add Australia to the list as well: Live updates: ASX plummets more than 3pc in worst two-day performance since 2022 after recession fears spook Wall Street https://www.abc.net.au/news/2024-08-05/asx-markets-business-news-live-updates/104182912 https://www.abc.net.au/news/2024-08-05/asx-markets-business-...