Published
5 years ago on
October 11, 2018
“Crypto getting spanked this morning in Asia. Hearing that Japanese day traders are leading the move lower, selling crypto to pay for unexpectedly big margin calls in stocks. Question is will Bitcoin @ $6,000 hold?â€The analyst, Tone Vays (over 165k followers) responded saying:
“Very Interesting but makes sense. I've said for years #Stocks & #Bitcoin are positively correlated as they are both Private Assets. #Gold Bugs always want stocks to crash but are still clueless why $Gold fell 33% in '08
"People Sold #Gold to Put Food on Table" $BTCUSD ---> Lowerâ€Ethereum is the biggest altcoin asset by market cap, which is more than doubled in Bitcoin’s losses to shed over 9% of its value at the time of writing, bringing it to $205. Ripple is the second biggest altcoin and Bitcoin Cash is the third, however, they both didn’t come off well as they lost around 11% in the markets. What are your thoughts? Do you think the price will hold, drop or rise again? Let us know what you think down below in the comments! Reference: Bitcoinist
