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TEXXR

Chronicles

The story behind the story

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Bitcoin falls by 6%+ to below $20,000 for the first time since December 2020, the twelfth straight day of decline, as ether briefly dropped below $1,000

Bitcoin dropped below $20,000 for the first time since December 2020 as evidence of deepening stress within the crypto industry keeps piling …

Bloomberg

Discussion

  • @cryptohayes Arthur Hayes on x
    #Bitcoin, are you okay? So, Bitcoin, are you okay? Are you okay, Bitcoin? You've been hit by- You've been struck by- The Central Banker https://twitter.com/...
  • @chhopsky @chhopsky on x
    the “The Plan Was To Leave Someone Else Holding The Bag” crowd realizing they got left holding the bag https://twitter.com/...
  • @krisnova Kris Nóva on x
    🍿 🔥 https://twitter.com/...
  • @thestalwart Joe Weisenthal on x
    Bitcoin has fallen below its 2017 peak. First time in its history, its fallen beneath the peak of a previous halving cycle. Not that there's been any doubt, but the halving concept has been unambiguously debunked. No need to debate it anymore. https://www.bloomberg.com/... https:…
  • @allnick @allnick on x
    ETH < $1000 Think I'll sleep in thank you!
  • @chhopsky @chhopsky on x
    absolutely incredible seeing the people who blew up their lives and credibility to leave tech or games for crypto now starting to scrub it from the internet, leaving a wasteland of deleted tweets and resume gaps on linkedin
  • @poorlyagedstuff @poorlyagedstuff on x
    cryptocurrency
  • @crypto_birb @crypto_birb on x
    Shoutout to every person, trader, project, and firm who are not giving up on crypto. Many will likely find themselves in revulsion, and complete resignation in the next weeks. However, the patient investors or contrarians may consider these prices once-in-a-lifetime gift #Bitcoin…
  • @wifeyalpha @wifeyalpha on x
    I have no remorse for Saylor! He gave advice to people that have little to no financial markets / finance experience and told them to sell their family home and/or business to buy bitcoin at the top of the bull market. This is account could not be more the inverse. Family first.
  • @ashwsbreal @ashwsbreal on x
    Don't worry guys only 750 days left for next bitcoin halving. We will pump hard 🚀
  • @btc_archive @btc_archive on x
    #Bitcoin just dropped below the previous cycle high for the first time ever!
  • @bbtc @bbtc on x
    #Bitcoin Price: $19,500 📉 https://twitter.com/...
  • @bitcoinmagazine @bitcoinmagazine on x
    #Bitcoin has been declared dead over 400 times https://twitter.com/...
  • @spectatorindex @spectatorindex on x
    Bitcoin price 18th November, 2021: $60,400 Now: $19,200
  • @gainzxbt @gainzxbt on x
    very cool finding out crypto is a casino where institutions are levered to the tits 👍
  • @awice Alex Wice on x
    mental math with $btc will be a lot easier when its 10k
  • @chubbicorn219 @chubbicorn219 on x
    $0 $0
  • @cobie @cobie on x
    Things got really bad after Vitalik made airplane sounds on our podcast
  • @gossithedog Kevin Beaumont on x
    https://twitter.com/...
  • @lawmaster @lawmaster on x
    🫡
  • @wublockchain Wu Blockchain on x
    In the last hour, Bitcoin fell to a minimum of $19,200, Ethereum fell below $1,000, and the total market value fell below $900 billion. The Nasdaq is down 5% in the latest month, but Bitcoin is down 34%. The liquidity crisis caused by the lending institutions has caused panic.
  • @grady_booch Grady Booch on x
    Burn it to the ground and fling its ashes into the center of the sun. https://twitter.com/...
  • @charlesarthur Charles Arthur on x
    Uh-oh. That is the tide going RIGHT out. I had the feeling that $20k was a sort of resistance price for Bitcoin - that there were lots of automated orders to buy if it hit that price, supporting it. If those are used up, we enter new (margin call) territory. https://twitter.com/.…
  • @davidgerard @davidgerard on x
    I bring good news for bitcoin https://twitter.com/...
  • @nope_its_lily Lily on x
    At least we all learned valuable marketable skills taught by crypto trading in the 2020-2021 era that should easily transfer to other jobs like shitposting, combing chat groups, waiting in virtual lines to buy pictures, & giving lots of money to sketchy websites to win lottos.
  • @alexhern @alexhern on x
    Is that good https://twitter.com/...
  • @liron Liron Shapira on x
    BTC has now fallen below the *previous* cycle's peak of $19,783 on Dec 18, 2017. Unwinding back a whole cycle has never happened before.
  • @mspro Michael Seemann on x
    lol https://twitter.com/...
  • @liron Liron Shapira on x
    Boom goes the dynamite https://twitter.com/...
  • @tommackenzietv Tom Mackenzie on x
    Bitcoin Falls Below $20,000 for the First Time Since 2020 - bitcoin has fallen for 12-straight days - total crypto market cap now around $880B vs $3 trillion in Nov https://www.bloomberg.com/... #btc
  • @100trillionusd @100trillionusd on x
    And there it is: dark blue (70% below ATH)! Most indicators (S2F, RSI,200WMA, Realized etc) are at extreme levels. Does that mean that all indicators are “invalidated” “debunked”? No. Investing is a game of probabilities and indicators give situational awareness: BTC is oversold.…
  • @loopifyyy @loopifyyy on x
    1,000 ETH for $1M sounds cheap
  • @emilyjnicolle Emily Nicolle on x
    crypto amirite https://twitter.com/...
  • @nope_its_lily Lily on x
    No one who has held bitcoin for 4.35683382 years or longer has lost money.
  • @route2fi @route2fi on x
    Waking up to 3 digits $ETH and $BTC at $18K. The worst part about this is how many people will leave the space now, and never come back. “I knew crypto always was a scam”.
  • @fintechfrank Frank Chaparro on x
    If you bought Bitcoin at the top of the 2017 bull market you're down on your investment about 2.7%
  • @ashwsbreal @ashwsbreal on x
    Just bought so much #BTC at $18,900 and #ETH at $980
  • @twobitidiot @twobitidiot on x
    🤮
  • @apompliano @apompliano on x
    “Bitcoin's price sits at the lower bound of its production cost for the first time since the March 2020 liquidity crisis as well. The idea here is that Bitcoin should at minimum be worth the cost of energy to produce it.” - @WClementeIII https://twitter.com/...
  • @mattzeitlin Matthew Zeitlin on x
    Gotta imagine these guys are a lot smarter than me but getting caught off guard by crypto being all being correlated with each other? https://www.wsj.com/... https://twitter.com/...
  • @kadhim @kadhim on x
    Babel Finance, a crypto lender backed by Sequoia and Tiger Global, has suspended withdrawals and redemptions, says it is “facing unusual liquidity pressures” https://babel.finance/... https://twitter.com/...
  • @alex @alex on x
    Raised last month, worth $2B, now halting customer withdrawals https://babel.finance/...
  • @jason @jason on x
    #cryptocontagion [ FTR: I think there are many great ideas in crypto/web3, but 95% of the projects are scams, run by incompetent people, and/or generally silly. This contagion/crash is going to be hard on many but will be good in the long run. Please be careful with your money ] …
  • @briannawu Brianna Wu on x
    Good morning, another major crypto bank is halting withdrawals. This one is worth 2 billion. Banking is one of the most tightly regulated industries in America, and you'd go for jail for this if crypto weren't a fraud-for-all. https://babel.finance/...
  • @silvermanjacob Jacob Silverman on x
    “The firm planned to charge a 20% management fee through an affiliated OTC firm.” “They pitched to so many people” https://www.theblock.co/...
  • @susanlitv Susan Li on x
    1 of the largest #Crypto hedge funds #ThreeArrowsCapital has huge losses & is now considering asset sales or a bailout $3 billion in assets as of April Widely believed #Blockfi liquidated their positions on margin calls #Cryptocrash #Cryptocurrency https://www.wsj.com/...
  • @tomgara Tom Gara on x
    “Just before the downturn Three Arrows said it was making plans to move headquarters to Dubai...The firm operated as a regulated fund manager in Singapore until last year when it shifted domicile to the British Virgin Islands as part of its relocation plan” https://www.wsj.com/..…
  • @nycsouthpaw @nycsouthpaw on x
    A crypto bank that named itself after the Tower of Babel is halting withdrawals. https://babel.finance/... https://twitter.com/...
  • @charlesarthur Charles Arthur on x
    All our apes facing unusual liquidity pressures https://twitter.com/...
  • @laurashin Laura Shin on x
    WSJ talked with 3AC: “We have always been believers in crypto and we still are,” Kyle Davies, Three Arrows's co-founder, said in an interview. “We are committed to working things out and finding an equitable solution for all our constituent.” https://www.wsj.com/...
  • @demirelo @demirelo on x
    It looks like 3AC broke the silence. The fallout from Luna will continue to have lasting effects on the broader industry in the near term. https://twitter.com/...
  • @ceostroff Caitlin Ostroff on x
    Crypto hedge fund Three Arrows Capital has hired legal and financial advisers to help work out a solution for its investors and lenders, after suffering heavy losses from a broad market selloff in digital assets, the firm's founders said. via @SerenaNgWSJ https://www.wsj.com/...