Why BTC along with all major cryptocurrencis are down today? Not heard any news to reasonate with this drop.
I am thinking of only one reason and that it because the world economy now is struggling. The stock market is down, dollar is down and cryptocurrencies are also down. But it we are all hoping it going to recover soon.
This thread is more than 2 weeks old.
Bitcoin has already recovered more than 25 % of the losses and is up ~6 % in the last 24 hours alone.
Regarding the stock market I don´t think that the asset bubble can burst as long as the central
banks of the world keep up inflating the money supply. The stock market has been flooded with artificial
liquidity, which has distorted any real price discovery.
The central banks are faced with a quandary and therefore can´t simply stop printing money / purchasing
bonds.