The cause of the drop in the price of Bitcoin and other cryptocurrencies is due to the sluggish stock indices around the world in recent days, including the major stock indexes of Europe, Asia and the US. According to the BBC, investors are letting go of cryptocurrencies and turning to safer assets like dollars.
I read that it is definitely the stock markets I mean Netflix Apple all losing something like 70-80% so we should be kinda thankful the same is not happening with crypto,,, but I have a big feeling it will get worse.
Then we have dumb altcoin shitcoins like LUNA all causing even further dips in Bitcoin price.
BBC is funny. Dollars is a safer asset?
