SEP 20, 2021 • 4 Min Read
Today has been brutal across global financial markets, presumably from fears surrounding China’s real estate market. BTC and ETH were, at one point, trading at $42.5K and $2.9K respectively. The only non-stablecoin in the top 100 that avoided going into the red today was OMG.
Coinbase will not launch its lending product
Coinbase drops plans for crypto lending product after SEC tusslehttps://t.co/aoTQJ0xTrC
— The Block (@TheBlock__) September 20, 2021
Potential selling coming out of Asia
Yes, Binance’s BTC balance is increasing, suggesting selling from China.
However, for context, this has been a several-week-long trend and overall exchange flows remain neutral over the last few days. (macro bullish)
Will continue monitoring. pic.twitter.com/lE6CW0CUtJ
— Will Clemente (@WClementeIII) September 20, 2021
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