What cryptos do you hold?
Anonymous Poll
44%
BTC
10%
ETH
6%
BNB
3%
ADA
4%
SOL
16%
USDT
7%
Meme coins
10%
Other
This sell-off on alts is effectively US investors being forced to sell Altcoins. There is very little difference between the US and China. Both have effectively restricted their residents from trading crypto. Except, for now, the US still allow $BTC and $ETH.
Binance and CZ have been selling spot Bitcoin at an alarming rate, to defend the $BNB $220 liquidation waterfall.
As spot Bitcoin is sold off, BNB is purchased, which defends the $220 liquidation but also caps the upside potential of Bitcoin.
It is a total house of cards.
As spot Bitcoin is sold off, BNB is purchased, which defends the $220 liquidation but also caps the upside potential of Bitcoin.
It is a total house of cards.
1 $BTC put into the $ETH ICO and held until today, would now be worth ~131 $BTC. This means since public availability, $ETH has outperformed $BTC ~131x.