Cryptos Just Puked…

Cryptos Just Puked…

Bitcoin and Ethereum just took a second, larger, leg lower after ramping across the long weekend ahead of El Salvador’s Bitcoin legal tender rollout.

Bitcoin plunged from $53k to below $49k…

Source: Bloomberg

And Ethereum has tumbled back below $3500 (and was notably less bid on the El Salvador excitement)…

Source: Bloomberg

Some chatter that the ETH move was triggered by short-term rotation to Solano after NFT headlines.

Tyler Durden
Tue, 09/07/2021 – 10:55

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