So true. BTC -14%. No hedge at all but BTC always seem to behave as an illiquid stock. Its equivalent free float must be tiny. It's like the ARM stock which is still 90% owned by Softbank so it moves like crazy. Wow ETH -26% what a meltdown. Imagine losing a quarter of the value in a few hours. What a disaster of an ETF launch ETHA was. Opened at $26.5 and its already down to $17, down 36% in 2 weeks.
It's probably just me but this global crash is a very positive thing for bitcoin and they are about to print like never before and $100k/btc is going to happen before eom