Bailey

A lot of people are just reacting to what they see on the charts.

It's not really any fundamental problem per se.

Obviously, the Clarity Act being held up in Congress, as I speculated it was going to be, has a little bit part to play in it.

But there's other macro level things that you may not have been aware of.

the devaluation of the united states dollar normally should encourage some positive movement on bitcoin and other cryptocurrencies but that makes a lot of assumptions that are not panning out true and i'll be talking about some of those a little bit later on if we look at ethereum then and we zoom out to the month chart for ethereum it paints a very similar picture

that being a downward trend not an upward trend i didn't think it was going to go upward but i did notice that ethereum seems to be more stable in its downward trend than bitcoin bitcoin strikes me that

it's not past the worst of it and the selling is strong ethereum seems like the dumping which was largely idiot vidalik has stabilized and now some of the down is connected to the downward pressure of Bitcoin rather than anything fundamentally wrong with ethereum itself I can't say for sure but that's what it seems like at least on the surface as I watched it so

Big picture, I'm not going to talk about Salon and all the other ones because they're following what Bitcoin's doing.

Any sort of, except for BNB, I got to be clear.

BNB's price doesn't make any sense.

I say it doesn't make any sense because BNB, there was a time BNB was in the double digits.

Okay.

And then it got to a thousand dollars.

out of nowhere when nothing else was running nearly that hot.

So I suspect that BNB might be a symptom of just overarching cooling off of the asset after running sitting hot for so long.

Not that anything's wrong, but just simply was overpriced.

It just seemed like the prices artificially inflated.

I don't know if it really was.

I'm saying that's what it felt like.

Cause it didn't make any sense to see it go as high as it did.