People always try to use wrong excuses as a way to escape responsibility. Yesterday, knowing full well that BTC would break below $100,000, they still found reasons to say it wouldn't fall. BTC linked to US stock ETFs remains a very unstable asset. Currently, no other asset has fallen this sharply! In less than a month, it has dropped $38,000. As long as the US stock market crashes, cryptocurrencies will definitely not escape the big dump. As long as new junk coins keep being issued and the amount of coins not being destroyed continues, combined with the economic crisis, BTC could break below $50,000 or even lower! In tough economic times, any asset could potentially reach new lows.
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People always try to use wrong excuses as a way to escape responsibility. Yesterday, knowing full well that BTC would break below $100,000, they still found reasons to say it wouldn't fall. BTC linked to US stock ETFs remains a very unstable asset. Currently, no other asset has fallen this sharply! In less than a month, it has dropped $38,000. As long as the US stock market crashes, cryptocurrencies will definitely not escape the big dump. As long as new junk coins keep being issued and the amount of coins not being destroyed continues, combined with the economic crisis, BTC could break below $50,000 or even lower! In tough economic times, any asset could potentially reach new lows.