The Reasons Why Crypto Market Crushed There are two scenarios that are highlighted in the news. First, the FUD because of former BitMEX CEO over the price of #Bitcoin (30k) and #Ethereum (2.5k) for himself. The second reason is the problems in Shanghai that come with the Covid lockdown. Any problem in the supply chain of China directly affects the global economy as usual. As the negative things are taking place in Shanghai, the increasing risks do not affect #crypto ecosystem 💁🏼♂️
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I thought that they couldnt use any crypto in China, and regarding the C word, I don't think it affects. People will still trade, buy and sell products from home... So I don't think your second point is right in your argument.