SOMETHING IN THE CRYPTO MARKET IS BROKEN.
The cryptocurrency market is broken not since 2017 has it got this bad and support levels are being breached on almost every coin.
But it gets worse there is zero fundamental reasons for this latest dump of just about every coin and token.
In the last few years the east raised the value and the west took the profits over the last few months this trend seems to have reversed.
The largest problem and the reason we say its broken is the fact when it sells off every coin is effected when it goes up 90% goes up therefore its no longer a free market its basically fixed in favour of the huge whales with their mega programmed bots.
De-Fi cant succeed under these conditions, NFT’s can’t function if digital assets cant accumulate, therefore the folks behind this downtrend better tread very carefully or they will price themselves out of the very market they are trying to control.
Some projects has lost a Billion dollars through no-fault of their own if they dont make money why bother on the first place???
Banks are starting to ban deposits into exchanges so come on guys get a grip and sort it oot (out) as the say in Scotland.