Why would the markets drop so hard?
Last year it was pretty much shown that crypto (especially Bitcoin) could weather any storm and still come through.
Then much of the world became aware of crypto and tons of new people wanted in. They started investing. With unprecedented numbers of new people signing up for exchanges, the world of crypto was on fire. Crypto was all over the news channels.
Traditional big money saw how easily the market could move and they had proof it could garner main stream interest. In fact, now it is all set up for money to flow. The public has seen it acknowledged as more or less legitimate and many new people have already made their first purchase.
Problem: Now, big money is interested and wants in! The big money and friends don’t pay retail, they buy low! They don’t want to take too many chances. That’s how they go to be there. On top of that, many bonus checks have just been issued to people that might know what they are doing when it comes to markets, even m