Yesterday during and after the Roaring Kitty livestream it seemed like the price of Bitcoin and pretty much every other altcoin took a major dive, and as someone that is newer I'm trying to understand why exactly?
I understand that a bunch of people sold off Gamestop stock as a result of his livestream, and so the price of that plummeted, but I don't fully understand why that had a ripple effect on crypto in general. Every single coin I look at is down.
I guess I get that there is a lot of crossover between people that invest in Gamestop stock and crypto maybe via Reddit, but I guess I just don't get the specific mechanics of why that happened, and would like to understand so that I'm better prepared for the future.
Any insight would be appreciated, thanks!
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