There is not point of doing a market update today, because it's pretty irrelevant what's going on. There are no particular bad news, just markets in general crashing. I don't know what's going on. The stock market crashed yesterday as well. And today Europe opens EXTREMELY negative.
Those who laugh of cryptos and says "told you so" should take a look in the mirror. How are your stocks doing?
I'm so glad I managed to save 1/3 of my stock portfolio yesterday. I just bought Ethereum at $575 Later this evening when the US market opens I will sell the rest of my stocks/funds (american funds). I will either hold that outside the market or buy Ethereum/Bitcoin ETF's.
Perfect timing in my opinion. As the traditional market crashes as well, people will think twice about the crypto FUD and bubble talk. Sure, Cryptos were in a short term bubble, but the traditional market was in a hundred year old fiat bubble.
But be aware that people are much more scared now, so the recovery will probably take some time. And that's what we need as well. We need the market to slowly raise.
November 26th 2017 we had an all time high of $280 billion market cap. That's 3 months ago. 3 months ago since we had the same price we have now. Do you remember how you felt then? There was a lot of talk about moons and lambos.
Nothing has changed. Except the fact that the traditional markets are crashing - which makes this whole thing WAY WAY more interesting all of a sudden.
Update: Scandinavian online brokers Netfonds (which I am using) and Nordnet are down and/or experiencing issues. People are having trouble getting their money out.