December 7, 2022

Forex Solution

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Bitcoin down 25% as the rout turns into an implosion. Ethereum down 40%

1 min read

It’s truly black Wednesday now

This move in crypto is breathtaking.

Bitcoin is now down $10,600 to $32,500. That’s a 25% one-day drop. Even by bitcoin’s historical standards, that’s enormous.

Bitcoin hourly

It’s even worse elsewhere with ethereum down more than 40% to 2094.

We’ve very quickly gotten near support at $30,000. Here’s the daily chart:

Bitcoin daily

The entire year-to-date rally has been wiped out.

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