• Knock_Knock_Lemmy_In@lemmy.world
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      4 days ago

      Crypto had it’s black monday.

      The fall may have been accelerated by portfolio insurance hedging (using computer-based models to buy or sell index futures in various stock market conditions) or a self-reinforcing contagion of fear

      Algorithms and feedback loops gummed up all the crypto exchanges and liquidity disappeared.

      The crypto tide went out and we all saw who wasn’t wearing any shorts.

    • Tom Arrr@lemmy.world
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      4 days ago

      Isn’t crypto being massaged by trump atm, so erratic is kinda the new normal? (And, not erratic from trumps view)