Cryptos Just Puked...

zerohedge2021-09-07

Bitcoin (and Ethereum) just took a second, larger, leg lower after ramping across the long weekend ahead ofEl Salvador's 'Bitcoin Day' legal tender rollout.

Bitcoin plunged from $53k to below $49k...

Source: Bloomberg

And Ethereum has tumbled back below $3500 (and was notably less bid on the El Salvador excitement)...

Source: Bloomberg

Some chatter that the ETH move was triggered byshort-term rotation to Solano after NFT headlines.

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