All Cryptocurrency markets had a nasty tiny crash Today with major cryptocurrencies like Bitcoin (CRYPTO:BTC), Ethereum (CRYPTO:ETH), Hive (CRYPTO:HIVE) all dropping high-single digits which is massive for drops as well for Hive-Engine tokens all taking a beating not the upside is Hive is also down.
A traditionally slow week of trading the Holidays could be at fault, so investors will want to watch momentum once people return to work in the new year.. Unless the Gov lies about the Job placements once again.
Dropping the Price by manipulation
* Most major cryptocurrencies are down in trading on Tuesday.
* Hive Engine tokens get pumped
* Liquidation levels we haven't seen since early in December, which could be making losses worse.
* Volatility doesn't seem to stop in crypto.
We all know that most people cash in on Crypto during the holidays to buy those fancy Lambos.
Sometimes the week between Christmas and New Year's Day can be slow for the market and lead to wild swings... meaning we haven't seen nothing yet.
Just remember we had that bull market now its time for that winter we always get on the new year.
This decline does not mean panic for it has been said many times before panic selling is bad for your health.
With the Price of Hive with it's own -8% decline today, some Hive-Engine tokens are getting a pick me up of sorts..
I guess when Hive is low its time to stack them HE tookens, Look at all that green for todays market seems funky.
Bitcoin Futures turn sour?
Nearly 80% of long positions were liquidated over 24 hours, with $90 million in losses on bitcoin futures alone.
Crypto Futures See $300M in Losses After Spot Market Drops
A drop in crypto markets from Monday evening (UTC) prompted almost $300 million in liquidations across several crypto futures contracts, data from analytics tool Coinglass showed. More than 109,000 traders’ positions were liquidated in the past 24 hours.
$300 million bucks is not funny business, this massive sell off is just a bump in the road and it's in my opinion an opportunity to stack some BTC and some HIVE
Bitcoin prices rose above $52,000 on Yesterday weekend after Christmas before tumbling by as much as $3,000 early Tuesday, causing over $94 million in liquidations. As I stated above though the blood bath is yet to come and hopefully we have some Liquid $$ to dump in cheap coinage.
With these prices of any coin at this moment you are bound to make a nice cool % back jumping in now, but of course as I mentioned the blood bath could just get worse before it gets better, or maybe the Moon is coming in 2022!
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