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.