11-27-2021, 01:54 PM
Before you ask why all the red today, check out the DOW.
<!-- SC_OFF --><div class="md"><p>The DOW is down more than 950 points, and unfortunately that is negatively impacting crypto prices today IMO. Interestingly, and sadly, the DOW is down so much partly because of the latest COVID variation out of South Africa. </p> <p>COVID led to an increase in crypto investors but news of a brand new variant that allegedly is heavily mutated is causing panic in the markets. </p> <p>Crypto is susceptible to large price swings based on major world events, or if Elon sneezes funny. So, I don't think we are so red because of any new sour outlook on crypto, but rather because of the new COVID variant and impact on multiple markets. </p> <p>That said, crypto is still red today, so I'm buying, but extremely cautiously.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Invest07723"> /u/Invest07723 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/r2rp3e/before_you_ask_why_all_the_red_today_check_out/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/r2rp3e/before_you_ask_why_all_the_red_today_check_out/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>The DOW is down more than 950 points, and unfortunately that is negatively impacting crypto prices today IMO. Interestingly, and sadly, the DOW is down so much partly because of the latest COVID variation out of South Africa. </p> <p>COVID led to an increase in crypto investors but news of a brand new variant that allegedly is heavily mutated is causing panic in the markets. </p> <p>Crypto is susceptible to large price swings based on major world events, or if Elon sneezes funny. So, I don't think we are so red because of any new sour outlook on crypto, but rather because of the new COVID variant and impact on multiple markets. </p> <p>That said, crypto is still red today, so I'm buying, but extremely cautiously.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Invest07723"> /u/Invest07723 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/r2rp3e/before_you_ask_why_all_the_red_today_check_out/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/r2rp3e/before_you_ask_why_all_the_red_today_check_out/">[comments]</a></span>Kind Regards R