Not sure why there’s a sharp drop in crypto prices across the board:
After hitting the # 3 trillion marketcap, crypto has been in a corrective mode
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One of the reason could be Fed tapering the interest rates which will likely affect the crypto markets as well, as they are even more inflated than stocks.
Price Action is definitely not encouraging in cryptos. Looks like there is huge selling happening at the higher levels. Something’s not ryt.
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Private crypto-farms are closing in China, maybe someone big is clearing a place for themselves…