Hacker News Reader

We are due a cryptocurrency correction.

The question is, how low will Bitcoin go on Tether collapse? $20k? $10k?

Or will things get even crazier with $100k bitcoin crashing to $60k?

The tether market cap value that is in Bitcoin, so it's 3% + normal overreaction. My estimation: 9%.

That's not how markets work. There isn't an infinite buy wall at the current spot price.