Post
Topic
Board Bitcoin Discussion
Re: Several reasons explaining the Crypto Price Crash (without BS)
by
PokestarFan
on 14/06/2022, 13:50:52 UTC
If you search on Google for "Why Bitcoin is falling" you would find dozens of articles full of BS explaining to you nothing, so let's keep it short and sweet:


All in all, a big crash can come from either Binance or Tether's direction (or maybe USDC) - if the US govt would want to stop the use of USDT/USDC tokens - they can do it at any given moment!

Tether ‘Transparency Is Needed’ Following Terra’s UST Collapse: Analyst
https://www.coindesk.com/layer2/2022/05/24/tether-transparency-is-needed-following-terras-ust-collapse-analyst/

All in all - there is no trust in the system, and when there is no trust - there would be a crash in the price, "because markets are ruled right now by fear" (Alessio Rastani on the BBC, when the Eurozone was in troubles).

I think the true catalyst was the collapse of Celsius, and I guess the coin couldn't bear it any more. Binance surely didn't help.