So after reading through crypto twitter the sell off yesterday was just stupid. It amounted to 3 different things.
First Faketoshi(Craig Wright) filed some patent thing again falsely saying he created it and that he “owns” the Bitcoin white paper. Which is just ridiculous.
Second, there was some very irresponsible reporting of a critical bug called a “double spend”. There are orphaned blocks all the time lol. The blockchain worked correctly and a double spend was what it solved to begin with. Again just ridiculous.
Third more regulation talk from Yellen and the Biden admin. Again, ridiculous and is actually probably gonna be good long term.