A blood red day on the exchanges

I told a friend yesterday I expected a 20% dump on the exchanges. Today it seems to have happened. It is a massacre on the exchanges. All trading pairs versus USDT are 30% down. Bitcoin is also 30% down since last week.

This happens regularly in the Coiniverse, after a general rally of a few weeks, it is total panic on the exchanges.

We have these 1929 style crashes every few months.

Posted in bitcoin, cryptocurrency.

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