There was a big tech stock selloff with anticipated interest rate hikes and inflation looming, not to mention the SEC shooting down yet another BTC spot ETF (which if approved would surely skyrocket the price to the moon for the foreseeable future, galvanizing crypto’s legitimacy in the public eye). Crypto followed tech stocks down because investors still trade crypto like tech stocks. One day in the future, there will be strong confidence in crypto (like fiat of decades past) which will hedge from this sort of drop. But with active fud campaigns by large entities with ties to fiat and securities interests, we will have to contend with these dips for the time being. The fundamentals and value of crypto remains unchanged. We simply keep getting more and more opportunities to purchase valuable crypto assets which are proven as a store of value and utility for a notably discounted price. But the dip, again. Enjoy!
Not financial advice, never invest more than you are willing to lose, DYOR.
