By Matthew Makowski News of a China crypto ban positively rocked the markets. Bitcoin experienced a 40% crash in value. And the crypto market as a whole underwent an estimated $1 trillion loss in market cap. Anyone that’s been in the crypto game for a while knows that investors can be a reactionary bunch. And the crypto crash obviously spooked some investors. This is a perfect example of knee-jerk selling. However, it also means that the correction should be corrected pretty quickly.
Here’s the Reuters headline that sparked it all:
China bans financial, payment institutions from cryptocurrency business
This headline was the second of a one-two …read more
