What this shows is how small the crypto space truly is and how it can be easily manipulated.
People lose track of how the market cap of crypto is just a blip compared to other markets. Was listening to an alt-media podcast recently. An otherwise smart guy (might have been John Rubino?) was talking about how cryto’s “current bubble” bursting could cascade into other markets.
Sheer nonsense. The crypto market is tiny compared to the silver market which is tiny compared to the gold market which is tiny compared to the equities market which is tiny compared to the bond market.
...which are tiny compared to the derivatives market.
I agree completely...we are not even close to cryptocurrency affecting the traditional markets.
The market cap of crypto is a rounding error in the equities market.