Post by
arh0070 on May 10, 2022 1:31pm
Cryptos
Cryptos including Bitcoin in a severe bear market right now .No evidence of a retracement .
Crypto stocks tanking ,Coin is down from 350$ in its ipo a year ago to 75$ a share .
Voyager down from a peak of 25$ to below 4 $
BNXA holding up fairly well in relative terms though down today .
Coin reports is first quarter results after close of markets today .
Most Crypto stocks now in survival mode .Coin probably in best shape due to size and 7.5billion in reserve .
BNXA should be reporting quarterly results and April TTV shortly ,it will be a question of how bad they are I would think and the cash burn rate .
Bear markets in the Crypto space are rapid and brutal .
Comment by
PennyWise416 on May 10, 2022 9:40pm
What happened to that "altcoin season" you've been going on about since Sept? Every post of yours mentioned it. They've been down +80% since Fall. And Voyager. Whoa. Whoever holds that, godspeed. Yes let's see Banxa numbers. Could be rough, maybe not as bad as an exchange. Will be interesting.