Yesterday, following the publication of the news of the SEC’s complaint against Binance, there was a small collapse in the crypto markets.
To many it seemed like a significant collapse, although in reality it was actually nothing abnormal. The fact is that after two and a half months of lateralization many investors and speculators were no longer used to such movements, especially newcomers.
Yesterday’s crypto market crash
Yesterday’s drop was sharp and sudden, but perhaps not even so large that it could be called a true collapse.
On crypto markets -10% in a day is quite common, while yesterday for example the price of Bitcoin lost less than 6% in the space of four and a half hours. It then made a very small rebound returning to the $25,700 mark, a share it is still holding now.
In light of this data, yesterday’s drop should not be called a true collapse, in crypto markets, although the drop was large enough to be called a collapse when compared with the general trend
We współpracy z: https://en.cryptonomist.ch/2023/06/06/crypto-market-calm-after-yesterday-collapse/
