Post
Topic
Board Bitcoin Discussion
Re: Apple announcing crypto emojis would move the price more than El Salvador did
by
hatshepsut93
on 07/06/2021, 18:19:27 UTC
Always surprises me what moves crypto, stupid tweets by Elon and Chinese regulation rumors cause massive price swings but strong evidence of mass adoption and its like nothing happened? maybe we just need america to wake up?

Those things aren't the cause behind the price swings, they are a trigger for existing price pressure. The market was going to crash with or without Elon & China, they just made the fall occur faster. The cause behind the crash is that there was simply not enough new buyers.

El Salvador news didn't change anything because buyers are still too cautious.