Bitcoin (BTC) and with it, most other cryptocurrencies took a massive hit tonight. Some of the lost over 20%. Currently, prices are recovering somewhat, but this does not look too stable. Scott Minerd of Guggenheim Partners, who got massively into Bitcoin, has pointed out that the technical upside of $35,000 has been exceeded, and it is time for a correction. He is partially exiting. The UK FCA warns consumers against a naïve crypto investment approach.