I can not help but notice this happened shortly after Russia tried to outright ban it. Not sure that's a coincidence, haha. That said, the hashrate spiked over 30%, looks like those russian miners have begun to re-start their operations again.
Weirdly enough, Russia also suddenly decided to start regulating it - and taxing it, by the looks of it - rather than banning it. Currently, there are over 12 million crypto wallets in Russia that are worth some 2 trillion rubles, estimates the Russian Ministry of Finance. Russians are currently in possession of around 16 trillion rubles worth of cryptocurrencies and it appears that Russian government could collects $13 billion from crypto taxing. Considering the current situation it's no wonder they dropped the plans to ban cryptos too.
So are we looking at the Crypto Wars? I fell like I am living in the future, but at least in the metaverse.
Not worse enough. I went to bed when ETH was showing under 2400... I told myself, ok, when I get up ETH should be around 2200 (or worse) and I'll buy long dated Micro eth futures. I've been waiting all morning, and ETH is up higher than when I went to bed. FFS, why don't you fucking implode harder! Just liquidate some big-fat over-leveraged whale and give the bargain-hunters a go at it... At this rate, ETH will be back up to 2700 by the end of the day and I'll be priced out. Even that pos ARKK is rebounding already.
Come on back down crypto... you can do it... just sell off a little bit more... so close... Hit the panic button!