Crypto selling platforms fear financial 'implosion' from persistent 'selling pressure,' says expert
Crypto selling platforms fear ‘implosion’ from persistent ‘selling pressure’: Ledn Inc co-founder
Mauricio Di Bartolomeo on the cryptocurrency markets and its continued volatility on ‘Mornings with Maria.’
During an interview on ‘Mornings with Maria,’ Thursday, Ledn Inc co-founder and CSO Mauricio Di Bartolomeo discusses the crypto crash, saying bitcoin falling below $10,000 would ‘not be out of the realm of possibility.’
MAURICIO DI BARTOLOMEO: I think you have a couple of things impacting markets. Obviously, you have the Fed bringing down a hammer on most markets and asset prices, but you also have some specific events within crypto that are stemming, I believe, from the sort of implosion of Terra and Luna and the Luna ecosystem, which brought down $60 billion worth of wealth. And I think what you're seeing is due to that implosion that is impacting some of the companies and entities that were heavily involved with those very highly speculative and risky assets.