Coming back with a market update to my friends at the NERDAY community, and the news is fairly great for Bitcoin.
While BTC did take a few jabs and saw some wicks down to the 22800 price region, has remained rather steady and back above 23000.
The sell panic news come from the SEC involvement with RIPPLE labs, and triggered a massive coin sell off.
Unfortunately due to the low liquidity of many alt coins, some of them saw massive loses down to 30-40%!
Shown below here is a massive wick on the DEFI asset $SUSHI, which had a capitulation wick to over 100% of it's value!
XRP itself had the worst of the day, going down over 100% to nearly .20 from it's intraday high of .44.
@originate Developer & Market Analyst