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Kri
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Fiat is monopoly money.
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#BTC
#crypto2023
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#Bitcoin Surge Ahead! 🚀 After the Hash Ribbons indicator flashed a buy signal on the daily chart, it’s now showing a Buy Signal on the 5-day chart, which is even more significant. Out of 8 past occurrences, this has resulted in a massive pump. Get ready for the ride!
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WHY IS #BITCOIN AND CRYPTO CRASHING? IN THE PAST 12 HOURS, BTC AND CRYPTO HAVE LOST OVER $100 BILLION IN MARKET CAP HERE'S WHY THIS HAPPENED 👇 AS WE KNOW, THE CRYPTO MARKET IS HIGHLY CORRELATED WITH THE STOCKS MARKET IN THE PAST 2 DAYS, ALPHABET AND TESLA REPORTED THEIR QUARTER EARNINGS. ALPHABET MISSED YOUTUBE AD REVENUE EXPECTATIONS WHILE TESLA REPORTED FALLING PROFITS THIS CAUSED A DUMP ON BOTH ALPHABET AND TESLA, WHICH RESULTED IN THE S&P 500 AND NASDAQ'S BIGGEST DUMP SINCE SEPTEMBER 2022. THE 7 LARGEST COMPANIES LOST $500 BILLION IN MARKET CAP, WHILE THE ENTIRE US STOCK MARKET LOST $1.1 TRILLION. BUT THERE'S SOMETHING ELSE TOO BITSTAMP WILL START DISTRIBUTING MT. GOX BTC FROM TODAY IT IS EXPECTED THAT THEY'LL DISTRIBUTE OVER 35K BTC WORTH $2.25 BILLION THE MARKET USUALLY TRY TO PRICE IN THESE DUMPS, SO BTC DIPPED BELOW $64K ETH DUMPED 4X MORE THAN BTC, AS IT ALSO EXPERIENCED A HUGE OUTFLOW. IMO, THIS IS JUST A TEMPORARY DIP, AND THE MARKET WILL RECOVER SOON. SO, DON'T PANIC AND HODL TIGHT
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