Someone else is selling them
It’s a wild day in the crypto market.
Depending on whether El Salvador bought them 8 hours ago or 8 minutes ago, that is a wildly varying trade.
Crypto prices have had a big bounce from the lows a few minutes ago. Ethereum held just above $3000 and the low in BTC was precisely $43,000 on my screen.
You have to wonder if there’s a big ‘sell the fact’ trade ongoing.
There’s also talk that Coinbase is down but I’m not sure if that came before or after the drop.