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What's causing today's Crypto dips?

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by COINS NEWS 235 Views

So there's always a catalyst but today I'm not seeing one.

If we're not blaming Elon (no tweets in awhile) or china's pretend-ban.. what's today's problem?

Hot takes? Real news? Anyone have anything tangible lately and what sources?

Edit 1: adding this now as it was my complete guess but I didn't want to suggest it for confirmation bias. But others have now commented it.

I'm leaning towards the GME, AMC etc situation as the big players either know or can reasonably guess a certain amount of people in the 'yolos' are likely also in Crypto so to make them feel pressure vice euphoria and fomo to buy more.. they want them to cut losses on either end.

Also, some suggestion are the FBI crackdown from the oil thing? Possible but I'd argue that should bolster against people's (shitty news) strawman argument that Crypto is for bad people like drug dealers because they can't get caught or something like that. Short term panic possible but long term, that's a good thing for the honest people in the world, no?

Edit 2: Some are also speculating Trump's remarks of (Crypto/BTC) being a scam are a factor.

Others suggest this is just regular volatility and / or the continuation of a bear market.

These are the primary points I've dug up so far. My bias wants it to be some intentional manipulation of course vice a downtrend.. even though we all know there's ups and downs, and play the long game it's okay - no one likes a down trend unless you can play options. So if someone knows where we can get some options plays, please speak up ????

submitted by /u/WRL23
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