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Yet again, US markets open, entire crypto market dumps

All Cryptocurrencies

by COINS NEWS 189 Views

I've seen this like 20 times in the last year. Everything goes well the entire day in the Asia/Europe markets, but the moment US markets open, everything tanks.

I've had alts doing +15% today, total portfolio was up like 6-7%, all wiped in a matter of 2hrs. Sure, it is related to alts being correlated to BTC. But still.

What is up with that, US? Why don't you like profits?

Could it be the blatant market manipulation with options and future? Is it the stock/bonds markets influencing BTC? Is it the interest hike somehow? What gives?

submitted by /u/giddyup281
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