Rats leaving the sinking ship?

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I can see that most of the main coins are slowly bleeding the price down.

I heard some nonsense like "it is highly correlated with Nasdaq".

Any informed opinion of what is going on?
 
Nasdaq and crypto are "risk off" areas, highly correlated. You can imagine anything you wish about rodents, but facts and price action shows with charts what is what.
 
Interest rates are going up up up.

Why keep your cash in a volatile falling asset, with fundamental value of $0, that pays no interest, when can earn guaranteed risk free money without any volatility.
Because you are getting negative rates. Inflation - ~2.5-percent.
 
Nasdaq and crypto are "risk off" areas, highly correlated. You can imagine anything you wish about rodents, but facts and price action shows with charts what is what.

I don't understand why crytpos are risky assets. Can you elaborate on that?

I was told that Bitcoin was going to the moon and its real price should be 300k, what has changed to consider them risky assets?
 
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