iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
22,274 Blog Posts

CRYPTO CALAMITY: ENTIRE SPACE LIQUIDATED AS CELSIUS AND BINANCE HALT WITHDRAWALS

Last night Celsius announced crypto withdrawals are on pause due to market volatility.

On that news BTC dumped hard 4,000 points and ETH even more on a percentage basis..

Now Binance is saying the same but with the caveat “FUNDS ARE SAFU.”

 

Either way,  markets are not in a joking mood and ETH is in the 1200s.  It’s fucking over.

Now we sit and wonder about crypto derivative stocks and when they margin call out of the market.

NASDAQ FUTS are down 330 and the Fed meeting this Wednesday might come with a massive rate hike surprise, some suggesting 100bps is in the works.

In other words, the Fed is hiking like madmen into a massive economic and market decline. This is the things nightmares are made from.

Expect higher yields, commodities,  and lower asset prices until the Fed meeting. I’m not so sure about the commodity part either. That might succumb to selling pressure too.

Happy Monday.

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7 comments

  1. ezthere

    I need Gold at 200 so I can get my fancy pinky ring and gold watch. Sukka

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  2. metalleg

    This is what trying to save the US Dollar looks like. They are also going for the kill shot on the US economy and its population. If they are willing to force you to inject yourself with poison, they certainly have no problem wiping you out financially.

    It’s too late to save the USD so might as well off a large percentage of the population.

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    • indie

      i’m reassured by these types of comments that peeps like you are dumb as fuck.

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  3. john galt

    Seems to be picking up steam here

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  4. bambam

    Call me crazy but I’m buying everything on Credit Cards.. applying for new ones. Etc.. Load up. Move.. and file for BK

    Let em deal

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  5. traderconfessions
    traderconfessions

    Tom Lee said Bitcoin 100K by end of year.. you mean he’s wrong.. again… again.. and again?

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