I've been trying to do some reading on the topic but havn't really found anything that states why Bitcoin and crypto prices in general are getting hammered this week. Is it uncertainty and fear of a fork? I remember a few months back Bitcoin was going from $1200 to $800 back to $1100, back down to $900, and as soon as the talk of a fork ended prices surged to $2,800
I can understand why Ethereum pulled back, I think it just rose too fast too quick and had a pullback in the same way Bitcoin did back when it first hit $1200. I guess for the other cryptos maybe everything just moves in conjuction with Bitcoin.
Curious if something else is going on that I'm missing?
Anyhow, I'm far from an expert on cryptos, this is just a video I made trying to explain the current market, what I'm doing, and doing my best to explain things to my Youtube audience.
If you want to correct any mistakes I made or if you want to shed light on any of these topics please drop a comment below as I've referred my Youtube audience over here for the comments as I know we have a lot of people very knowledgeable about cryptos.