Rats leaving the sinking ship?

I can see that most of the main coins are slowly bleeding the price down.

I heard some nonsense like "it is highly correlated with Nasdaq".

Any informed opinion of what is going on?

 

All risk assets are being dumped hard, Bitcoin included, then the rest of cryptos follow

Personally not worried too much on BTC, I'm confident it will recover even if it takes a couple of years

Small crypto projects and NFT's (which I do own) are the ones to be worried about, imho

 

Yeah, prolly nothing.

 

Do I need flashy blinking eyes to understand what's going on?

There's a good optometrist nearby, she might have flashy contact lenses.

 

you guys know too much

 

Interest rates are going up up up.

Why keep your cash in a volatile falling asset, with fundamental value of $0, that pays no interest, when can earn guaranteed risk free money without any volatility.

 

It's not like stocks are doing any better.

All the scared money is leaving

 

Nasdaq and crypto are "risk off" areas, highly correlated. You can imagine anything you wish about rodents, but facts and price action shows with charts what is what.

 

Because you are getting negative rates. Inflation - ~2.5-percent.

 

I don't understand why crytpos are risky assets. Can you elaborate on that?

I was told that Bitcoin was going to the moon and its real price should be 300k, what has changed to consider them risky assets?