This dump is attributed to : DXY DXY has started going upwards which, in general, triggers a dump on equities. For cryptocurrencies, it is the time when they are exchanged for USD to behodl against a stronger USD case or to be able to hedge upcoming dumps until DXY settles. Regardless of the freedom we support, the old-school rules of money still has a massive impact on our ecosystem. While there are risky cases for USD & crypto traders, it is always reasonable to have a balanced portfolio to be able to take an action in case of any pump & dump situations. It seems like the investors are reacting in a similar way π Credits to: https://twitter.com/HenrikZeberg/status/1442853223677693962 #Cryptocurrency
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Yeah DXY looking strong Euro looking like itβs going to sh!t the bed in the next year.