There was a colossal dump in cryptocurrencies last night.
For some this price action was an absolute bloodbath who bought at the top not considering that Bitcoin was capable of this level of volatility to the downside. The question everyone is asking now is this the time to buy or will crypto currencies continue to fall.
Lets all recall what happened at the beginning of the week with the introduction of Bitcoin futures to CME futures exchange. As you cautioned everyone @marketreport a fare warning of what this could mean for Bitcoin.
To all that thought Bitcoin was inmune from manipulation from outside institutional forces now we have evidence that Wallstreet does have influence on the crypto currency market class just as it does with asset classes across the spectrum of inventing.
I will definitely consider entiring the market with a small position and see where it goes during the day and make another move depending on the price action.
Thanks for the guidance! Upsteemed_Upvoted
Good luck trading to all!