4d • 💬 General Discussion
Why Everything Is Crashing
We just witnessed a crypto flash crash. Here are the main reasons behind this sell-off:
- Gold and Silver crashed first. Big funds lost money there and were forced to sell their crypto immediately just to pay their debts.
- Reports claimed CZ was selling his massive stash. True or not, the fear alone triggered bots and traders to panic-sell instantly.
- Wall Street funds bought Bitcoin heavily around $80,000. When the price dipped below that line, they all rushed for the exit at the same time.
- News of a strict new Fed Chair (Kevin Warsh) made the US Dollar spike in value. When the Dollar gets stronger fast, crypto prices automatically get pushed down.
- Changes to Tether (USDT) rules made it harder to move money, causing "liquidity" (cash) to dry up exactly when people needed to sell.
TLDR: Investors were forced to sell crypto to cover Gold losses, allegations about CZ scared the market, and Wall Street panic-sold when they started losing money.
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Why Everything Is Crashing
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