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Cryptocurrencies / Digital Assets - Steve - 05-11-2022
Serious ‘Ripple’ Warning After Massive $400 Billion Crypto Crash Suddenly Plunges Bitcoin, Ethereum, BNB, XRP, Solana, Cardano, Terra’s Luna And Avalanche Into Free Fall -
Bitcoin, ethereum and other major cryptocurrencies have suddenly crashed, wiping $400 billion from the combined crypto market since Friday.
The bitcoin price has fallen dramatically toward $30,000 per bitcoin, down 20% from over $40,000 last week. Ethereum and its biggest rivals BNB BNB -13.6%, solana, cardano and avalanche had fallen even more steeply, each losing between 15% and 20%. Ripple's XRP XRP -18.3% is also down around 15%.
The brutal bitcoin and crypto price crash was triggered first by the U.S. Federal Reserve sharply hiking interest rates last week, also crashing stock markets, and then exacerbated by the fast-growing algorithmic stablecoin TerraUSD (UST) struggling to maintain its $1 peg as its support cryptocurrency luna leads market lower with a blistering 30% plummet.…
https://www.forbes.com/sites/billybambrough/2022/05/09/serious-ripple-warning-after-massive-400-billion-crypto-crash-suddenly-plunges-bitcoin-ethereum-bnb-xrp-solana-cardano-terras-luna-and-avalanche-into-free-fall/?sh=76e4c7bb1359
RE: Cryptocurrencies - Steve - 05-14-2022
Crypto carnage foreshadows the "mother of all collapses" yet to come -
The absurd but often-hyped claim that "crypto is digital gold" has collapsed. Bitcoin has plunged nearly 60% from its highs, and the bloodbath of crypto carnage that unfolded this week was psychologically jolting to crypto "investors" who have long thought that crypto would go up forever, never facing corrections or reality checks.
But crypto isn't the only bubble around. By any honest measure, we are currently in the "everything bubble," with perhaps only gold and silver representing any real bargain that can be found. Nearly everything else is in a bubble: Stocks, bonds, real estate, crypto, used vehicles and of course fiat currencies backed by nothing. The bubble is, of course, epic in scale and soon to be devastating in its unwinding. No bubble in history has been this large and widespread, and no crash in history can compare to the crash that's coming…
https://www.brighteon.com/66a1d266-f73f-4533-97a8-33167701bc1a
RE: Cryptocurrencies / Digital Assets - Steve - 05-15-2022
Mel Carmine discusses the Quantum Financial System Ahead with Nicholas Veniamin -
https://youtu.be/ybyDA7L6_oM
RE: Cryptocurrencies / Digital Assets - Steve - 06-15-2022
Crypto contagion spreads as major platform freezes all crypto assets -
Crypto carnage is spreading quickly, with the LUNA token demonstrating a near collapse a few weeks ago, and now the Celsius crypto lending platform declaring what is essentially a "bail-in" freeze of all customer assets.
If you had crypto deposited with Celsius, you no longer technically own it since you no longer control it. Celsius just halted all withdrawals, which is something banks do when they are on the verge of collapse. Now the only real question is how far this systemic purge of the crypto bubble will go.
Get the full story in today's podcast here.
https://www.brighteon.com/8992aa19-a3ec-43e6-9da6-92895a4ef326