Stock Market Today: Cryptocurrency Collapse

May 19, 2021, 9:34 am EDT

Cryptocurrency Collapse

Cryptocurrencies are breaking down about 30-40% at this moment. It could be the beginning of the bubble bursting process for the all-time highs for various financial markets. 

Stock markets are down about -1.5% for Nasdaq and more than -400 points for Dow Jones. It could be the final top or roll-over for the 11-year-old bulls market. 

It is time to scale back and defense. Cash is king.

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