Its possible.
Even binance had a scare a while back when Bitcoin suddenly dropped to 8k for less than a minute.
Could you imagine the orders that got filled and sold immediately for profit.
Nobody expected Terra Luna to crash and it dropped to nothing.
The market reflects how much power Bitcoin has over the entire market.
A new project hits the market and Bitcoin drops 5% and that new project falls 30% with little support and then rallies 100,000% when Bitcoin bulls pump Bitcoin 100%. The math is tricky and timing is a legitimate process.
I personally do not understand most of the logistics.
What would the crypto market look like if Bitcoin crashed to zero?
Even binance had a scare a while back when Bitcoin suddenly dropped to 8k for less than a minute.
Could you imagine the orders that got filled and sold immediately for profit.
Nobody expected Terra Luna to crash and it dropped to nothing.
The market reflects how much power Bitcoin has over the entire market.
A new project hits the market and Bitcoin drops 5% and that new project falls 30% with little support and then rallies 100,000% when Bitcoin bulls pump Bitcoin 100%. The math is tricky and timing is a legitimate process.
I personally do not understand most of the logistics.
What would the crypto market look like if Bitcoin crashed to zero?
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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.
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.