The crypto market is full of surprises! This week, Bitcoin led the turmoil with its price drop and institutional activity shaking things up. š
- Bitcoin dropped below Rp97 million, triggering panic and a drop in Dogecoin, XRP, and Cardano. Coinglass data shows liquidations of over Rp25 trillion, with Bitcoin contributing Rp1.3 trillion. Although volatile, this could be an opportunity for a rebound.
- BlackRock remains optimistic about its Bitcoin ETF which continues to accumulate BTC, even as the market panics. This shows strong institutional demand.
- XRP, Cardano, and Dogecoin were also hit, but some see this as a market reset for more stable growth. š
The crypto market is indeed full of challenges, but also opportunities!
