Post
Topic
Board Bitcoin Discussion
Re: Why the dump? (Dec 03, 2021)
by
cryptoaddictchie
on 04/12/2021, 14:08:17 UTC
K...just woke up from hibernation. Can someone sum up the reason for this dump?
Probably due to this news:

https://www.fool.com/investing/2021/12/03/us-and-china-finally-agree-on-something-and-its-no/

Its really bad for the crypto miners to have this kind of situation leaning towards their selling pressure. We can't really do much about this and of course as miners their probably scared about this. Some would resort to selling, but since btc plumetted, other could would probably been affected by this.