Big Drop (Day 260)

Image credit: Coin Market Cap

Triggered by the Ripple lawsuit, we are witnessing a big sell-off on cryptocurrencies right now. Other than stablecoins and (wrapped) Bitcoin, all coins are dropping with significant magnitudes, with Ripple (XRP) being the biggest loser at >30% in last 24 hours.

Similar to the traditional investments, news driven price movements will be a norm. Finally, there are different "categories" of coins--stablecoins, DeFi coins, yield-farming coins, synthetic coins, etc., and we begin to see different correlationships between different categories.

Are you able to stomach the big roller coaster rides?