10% is not a 'crash' by bitcoin standards.
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The people who give the economic health to us are using crash and recession language to make it seem more inevitable and less a direct result of their actions.
For all the FOMOers in corporate finance rooms and local governments it definitely is.
Corps are buying crypto to hold on their balance sheet regardless of their business as a way to show they're "innovating". This is course often happens when their primary business isn't doing much.
The house of cards wavers.
The bitcoin price “flash crash," coming outside of the traditional market trading hours, has led to a warning over the wildly popular bitcoin exchange-traded funds (ETFs), led by BlackRock’s near-$100 billion IBIT, which are bound by stock market opening times, leaving holders unable to react to weekend bitcoin price swings.
Whoops. Seems like if you can invest in the underlying asset that might be a better idea than trying to trade a 24/7 asset during business hours only.