After show strength for weeks, the wonderful world of crypto is weakening again (although in the past few minutes before I put this post up, crypto pared its losses, since at the moment everything with a ticker symbol is vaulting higher). It sounds like there’s another brouhaha going on between the exchanges that is creating doubt. Thus, the big boy Bitcoin is down quadruple digits.
![](https://slopeofhope.com/wp-content/uploads/2022/11/btcdown-640x365.png)
Second place player Ethereum is, in turn, giving up the past couple of weeks of gains and is approaching an important support level.
![](https://slopeofhope.com/wp-content/uploads/2022/11/ethwe-640x263.png)
We can also see that the biggest public brokerage, Coinbase (pictured here along with its creepy-looking founder) is heading toward new lifetime lows.
![](https://slopeofhope.com/wp-content/uploads/2022/11/coinb-640x520.png)
But what matters the most, of course, is the Dogecoin Millionaire. I suppose now that the Elon/Twitter excitement is turning into revulsion, the notion that someone Dogecoin is going to be super-duper valuable is dissipating (again), thus causing a nearly 50% wipeout in a matter of days.
![](https://slopeofhope.com/wp-content/uploads/2022/11/dogedown-640x859.png)
Where assets finally settle by end-of-day Thursday will be very telling and will probably button down the direction of all asset classes through the end of the year.