No reversal, and we keep on dropping. This week we had
Gemini's fully announced its audited licensed stablecoin
The EU commission said crypto was here to stay
Nasdaq is building crypto analytics tools
And lastly Citigroup is looking into crypto custody
Yup and if we get more ETF rejections the market will dump even harder. It really doesn't make a whole lot of sense dude, if there is one thing I have learned in my 4 years of crypto trading is that the market seems to act on its own and do irrational things.
I never understood why the altcoin market exploded in the spring of 2017, but it did, and there was really no catalysts for it. It made sense for bitcoin to rally but I never would have dreamed it would spike to 19k.
I think that because of the irrational exuberance of the retail market we will get those huge upsides but on the contrary experience crazy downsides too, like we are now.
What I wonder is if the days of massive volatility are over with because a lot of retail traders got hosed in this last cycle. What do you think?
