Last night Celsius announced crypto withdrawals are on pause due to market volatility.
CELSIUS IS IN TROUBLE pic.twitter.com/S3xJdLjkBx
— The_Real_Fly (@The_Real_Fly) June 13, 2022
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.”
Temporary pause of $BTC withdrawals on #Binance due to a stuck transaction causing a backlog. Should be fixed in ~30 minutes. Will update.
Funds are SAFU.
— CZ ? Binance (@cz_binance) June 13, 2022
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.
CRYPTO DERIVATIVE STOCKS DOWN SHARPLY PM $MSTR pic.twitter.com/cuWKGZUB14
— The_Real_Fly (@The_Real_Fly) June 13, 2022
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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I need Gold at 200 so I can get my fancy pinky ring and gold watch. Sukka
obviously you meant $2000/oz…
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.
i’m reassured by these types of comments that peeps like you are dumb as fuck.
Seems to be picking up steam here
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
Tom Lee said Bitcoin 100K by end of year.. you mean he’s wrong.. again… again.. and again?