Cryptos move contrarian to confidence in the dollar. Besides some convenience in international trading, it has not much intrinsic value.
Interest rates, commodity prices and currency moves are the tell.
As interest rates start to finally rise, the dollar will increase, both US and Canadian, compressing Gold, Silver and Cryptos in value.
Welcome to hedging.
If Ether can flash crash to 10 cents it can recede to 10 cents.
That's a good thing, so what, me worry?
The central bank interest rate rise will eventually crash the economy, like the sick man it is, by tightening credit. Gold silver and cryptos will then rocket as people fear the end times, bank run style. Just before that, you can buy at the bottom, so keep the powder dry in your excange my bros, and keep the finger on your buy trigger.
Marx was right, international state monopoly capitalism has some bugs in it. Marx was also wrong, it can heal itself, and not die to be replaced by some utopian welfare state.
Cryptos are the heal.