First Mover Asia: Bitcoin Sinks Below $30K Amid Renewed Risk Fears
— Mover, Million, Fears, Amid, Equities, Core, 30k, Asia, Bitcoin, Moment, Big, Riot, Renewed, Scientific, Risk, Crypto, Sinks, Decoupling — 1 min read
"The Decoupling" is the moment when bitcoin’s price diverges from equities and starts going up when equities go down (and vice versa) "Bitcoin will go to $1 million a coin and equities will spiral to zero"... "Despite the still eye-popping margins, miners are in a tough spot," says South China Morning Post. "Most publicly listed mining companies have seen their market capitalization plummet by well over 50[%]. Both Riot and Core Scientific have missed their bullish revenue estimates and have conservatively revised their expansion plans," says Wired. "Decoupling is the latest iteration of “hopium” for bitcoiners and crypto natives. But what it actually means is a bit funny. Source