I guess most people who are involved in crypto are going from surprised, to amused to outright panic. Now today Bitcoin pumpe above $90,000 only to go back down to $85,000.00 and is right now at around $86,500.00. For the tokens that interest us who write on crypto social networks the outlook is absolutely dark. Steemit is now at about $0.067 after having hit an ATL of $0.0622 earlier today. Hive, the other big crypto social also is down, a lot. Currently its price stands at $0.089, it still has to break its ATL record of about $0.78 set in October. Blurt, a minor player, but one I also work, is not even tracked on coinmarketcap.com anymore.
So frankly things are not looking good. Even though one must question what actually happened to Bitcoin today. This is just not normal and it looks like plain speculation by some big guys. I am not invested in crypto, but just yesterday I gambled about $125.00 on a token on Bybit. As usual, and accordingly, based on my luck when I gamble on something it is down 8%. But since I am already there I will see where this thing goes. If it goes down to $100.00 I will convert to USDT and then just wait and see if there is something that I can put it into that would multiply that many. Again not very likely with my luck.
But really what is happening? I know big money moves everything but when it moves it is for a reason. What we are seeing does not seem to me, a rational move of the markets. I think there are things going on we have no idea about. And that would be a killer, know when something is going to happen and move accordingly, money can be made like taht.