Opinion. September 7, 2021. Cryptocurrency Values Collapsed Earlier Today
The cryptocurrency values collapsed earlier today. The value of Bitcoin was slowly decreasing during the early hours of the day, from close to US$ 53000 to about US$ 50000. Around 10 am EDT (2 pm UTC), its value plunged. By 11:15 am EDT, it had reached about US$ 45000. From there it has recovered to about US$ 47500 (10:45 pm EDT).
The causes of this are unclear, however, it is believed that the sudden liquidation of $1.2 billion in Bitcoin long options had something to do with it.
The cryptocurrency market capitalization decreased by about 14% (at its worse), it did recover to settle at about a 11% loss for the day. I expect the market capitalization to recover completely over the next following days.
This post is intended to only raise awareness. In order to make actual financial decisions please contact your financial advisor and/or tax advisor prior to making the decision.
Posted Using LeoFinance Beta
0
0
0.000
Electronic-terrorism, voice to skull and neuro monitoring on Hive and Steem. You can ignore this, but your going to wish you didnt soon. This is happening whether you believe it or not. https://ecency.com/fyrstikken/@fairandbalanced/i-am-the-only-motherfucker-on-the-internet-pointing-to-a-direct-source-for-voice-to-skull-electronic-terrorism
BITCOIN would still have updated the low of the month to the upside
Congratulations @marcusantoniu26! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s) :
Your next target is to reach 2000 replies.
You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word
STOP
Check out the last post from @hivebuzz: