Saturday, January 22, 2022

Bitcoin Crashes as FUD Sets In

Must Read



On Wednesday, we recapped how Tesla’s bitcoin acceptance and Coinbase’s direct listing helped send bitcoin’s price to a new all-time high near $65,000, which turned out, in hindsight, to be the market peak. Today, we’ll show how some traders and investors began to cash out in April and May as concerns mounted over U.S. capital gains taxes, bitcoin’s environmental footprint and an outright crypto ban in China. It seemed like the fear, uncertainty and doubt – FUD, or crypto-speak for negative news – was coming all at once.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest News

A Possible Russian Crypto Ban and Vitalik’s Synthetic Womb: It’s 2022

Finally, the gang unpacked Buterin's baby pod idea, which they pitched as a way to empower women: "Disparities...

More Articles Like This