Don’t blame Trump for the crypto crash
Hundreds of billions have been wiped off the value of the crypto currencies. A prominent Ukrainian blogger and influencer on digital coins has been found dead. And traders are bracing themselves for a rocky start to trading on Monday as markets start to tumble. We will have to see whether it develops into a full-blown crash or not. And yet, all the major equity indices were already wildly overvalued, and a correction was always inevitable – it was just a question of when it would start.
There may well be a rough few days ahead for investors. An estimated $400 billion was wiped off the value of the main crypto currencies on Friday evening, while the Nasdaq dropped by more than 800 points, or 3.5 per cent, before the New York…
