The crypto crash continues.
The crypto crash continues, yesterday we got a little bounce in Bitcoin and Ethereum and other crypto currencies but tonight prices are down again from 8to 12% or more depending on the crypto currency.
Today we got a stimulus package from the Biden administration and it didn't seem to move the crypto currencies much or Bitcoin, except in a downward way.
If I had to guess it might be a possibility that this maybe the beginning of a 30% to 50% correction in Bitcoin and Ethereum prices and bigger moves down in the broad crypto currency space. Even though I think this might be the beginning of a Bitcoin bear market it still seems possible we will see more stimulus from Congress or the Fed that might propel Bitcoin and other crypto currencies higher, only time will tell.
We live in such unprecedented times its hard to tell if this is the beginning of a bubble or a bubble getting ready to burst, I lean towards the beginning of a great big reflation of most assets including Bitcoin and other crypto currencies.
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