Same as May 2021 I mentioned before, the price and D fell at the same time (bitcoin lose more than altcoins). And also the cause of the crash is outside the crypto world: the rate hike. Meanwhile in China, the COVID-19 lockdown in several cities has led to the bankruptcy of small and medium-sized enterprises and layoffs by internet giants like Alibaba. Funds from Chinese retail investors are further reduced, the 'tools' to spread excessive panic are lost which makes the manipulation of D is close to total failure.
Also like I mentioned, if those Chinese miners decide that the D can no longer be maintained then it's possible that they will dump all their holdings.
Also like I mentioned, if those Chinese miners decide that the D can no longer be maintained then it's possible that they will dump all their holdings.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.