Early Friday, the crypto selloff picked up speed. Bitcoin slipped under $70,000 and ether fell under $2,000 while the Dollar Index reached a 19-month high.
Futures traders took the hit next. The move knocked through key levels and set off large liquidations as leveraged longs got squeezed.
When the dollar runs this hot, risk assets usually get sold first. That is the tape right now.
$BTC $ETH $BARD
Futures traders took the hit next. The move knocked through key levels and set off large liquidations as leveraged longs got squeezed.
When the dollar runs this hot, risk assets usually get sold first. That is the tape right now.
$BTC $ETH $BARD