In today’s briefing:
- Crypto Selloff: What now?
![](http://www.smartkarma.com/assets/plugins/a3-lazy-load/assets/images/lazy_placeholder.gif)
Crypto Selloff: What now?
- The recent 7% drop in Bitcoin’s value coincided with SpaceX’s announcement of selling off its entire $375 million worth of holdings.
- This event highlighted two crucial factors: the lack of liquidity in the market and the end of the bear flag counter-trend rally.
- Additionally, Binance Coin was already showing signs of breaking down, which could decrease the overall crypto market cap.