Yesterday’s Bitcoing flash crash took the entire market with it once again. This seems to be a weekly occurrence nowadays, but industry leaders are not panicking yet. In fact more and more institutional money is pouring into the crypto space.
We share their view that this is a temporary blip, valued by the China Evergrande problems which have been much in the news in the last few days.
Also, whilst most other coins fell dramatically alongside bitcoin, CRT maintained it’s price without any issue along with OMG.
This shows why it is important to hold a diverse portfolio across a number of asset classes.
Congratulations to all CRT holders who didn’t lose out in yesterday’s market carnage.