Bitcoin and the Broader Crypto markets have has their worst % crash since 2013. The fear, uncertainty, and doubts (FUD) doesn’t seem to come from any specific bad news. Worries about Tether’s reserve are many months old.
It seems like it’s native to crypto markets, the uncertainly surrounding a new technology and new paradigms, perhaps exacerbated by a lot of new money coming in with short-term thinking.
Here’s a history of Bitcoin’s Crashes:
While new investors certainly got clobbered, we are only down to December prices. Even medium term perspectives look positive.