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/biz/ - Business & Finance

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11153258 No.11153258 [Reply] [Original]

wtf is going on? $10 Billion just got injected into crypto today. Is this institutional investors, or something else? Also, why do all alts pump immediately after Link has a run, like every time? Why is XRP exploding? Are normies jumping back in for the Fall season expecting massive gains again?

>> No.11153270

>>11153258
10 billion did not get injected that just how much the pumps moved the mcap up

>> No.11153278
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11153278

Let me guess, the global market cap went up $10 billion and you think that means $10 billion got invested in crypto.

>> No.11153314
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11153314

>>11153258
>$10 Billion just got injected into crypto today
lmao
this fucking board

>> No.11153317

>>11153258
back in your cage

>> No.11153323

>$10 Billion just got injected into crypto today.
kek

>> No.11153338

>>11153323
We got ourselves a rookie boys

>> No.11153343

>>11153258
The money was just sitting on the sidelines.

It's just the same people as before, nowhere near enough volume for it to be "institutional investors"

>> No.11153351

>>11153338
bullish

>> No.11153362

>>11153258
>$10 Billion just got injected into crypto today.
>Are normies jumping back in for the Fall season expecting massive gains again?
FFS Anon, please leave the house, go for a walk find a skyscraper/cliff, jump

>> No.11153389

Money was sitting on the side waiting for the ETF decision. It got delayed (as people expected) ,nothing happened to the price, so everyone could FOMO back in. XRP has been pumping because of the new US bank partnership and that has helped lead people to "feel more bullish". Also, if you look at CMC, the marketcap has pretty much stayed the same level for the past 1-2 months. So it feels like the bottom is somewhat in.

So today we saw a lot of money feel more confident about buying back. Now, we'll have to see what happens, but that is what today's assessment looks like

>> No.11153469

>>11153258
You are the normie

>> No.11154137
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11154137

you guys are so mean, my feels are hurted

>> No.11154348

>>11154137
It's okay fren. They just mean that market cap does not equal money injected into the market. It's really how much new money would need to come in for every holder to cash out.

>> No.11154353

ETF approval tomorrow

>> No.11154483
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11154483

>>11154348
Good explaination. Imaginary value for imaginary monies. Makes more sense. So marketcap is more like a marketcrap?