The Anatomy of a Meltdown (and Just BTFD)

Cryptocurrencies, which would be subjected to been expected to fall by a greater amount than equities anyway, had their own negative drivers, including approaching Mt. Gox fallout, mixed spot digital asset ETF flows, a rising appreciation that pro-crypto Trump candidacy isn’t a authority, and reports of a large market maker dumping hundreds of millions of dollars of crypto during the panic’s peak. All in, Bitcoin performance level $49,200, down 30% from just a week earlier, while Ethereum fell below $2,200, chuck 35% over that time.