Following yesterday's 'panic' among mexican officials that Trump has considerably more leverage than the elites believed, the peso is soaring suddenly this morning as Banxico intervention took place. At the same time, following comments from official reserachers in China on capital controls and crackdown on 'virtual' outflows, Bitcoin is getting hammered - biggest drop in 2 years.
Initially it was speculation but now Bloomberg confirms a comment from the central bank:
- *BANXICO IS INTERVENING IN THE MARKET, CENTRAL BANK GARCIA SAYS
Something just snapped...
This is the biggest drop in Bitcoin in 2 years and biggest rise in the peso since 11/15.