By Matthew Makowski Investors are spooked. And the selloff has sent crypto crashing. But this is a headline-driven market. And dips are normal when the headlines don’t paint the rosiest of pictures… Even when they’re only half-truths.
Crypto began its recent pullback after Elon Musk rescinded his pledge to allow Bitcoin as payment for Teslas. But one man does not move the markets… Even one as influential as Musk. That tweet heard ‘round the crypto-verse was soon followed by a disruptive headline from Reuters:
China bans financial, payment institutions from cryptocurrency business.
Considering China is among the leading countries that trade in crypto, it’s not a …read more
