It was really expected that the market was laterally going to collapse at some point at least since 10th when the
wall street goons came in to the crypto market to trade BTC and therefore (black Friday ) on the crypto market was so expected.
I have heard people say that market itself is a bubble but truth be told , this market is still in its infancy,there are so many variables in play .
One of them is that every crypto asset tackles a certain problem in general this market is so hudge the problem it tuckles is way beyond our imagination .
The reason why bitcoin and other alt coins are falling is because of wall street ,now that the CME is on board on bitcoin they had to short so that they could get back in at a lower price .
I think after the short epocolyse we will see the price of bitcoin go parabolic ,and the as usual the altcoins will follow since btc is their reserve currency .
The market seems to bounce back, it will take a couple of weeks to recover I think.
So your theory is that Wall Street is responsible for the price dip, interesting. Why do you think the price will soon "go parabolic"?
Because that's what they wanted ,now that they are trading they would have bought in at that high price but rather deeping it was the most reasonable expectation.btc is the only coin accepted by the CME and though it has a scaling issue they have already accepted it as astore of value.
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