The U.S. government recently made a big move by selling 69,370 bitcoins, which are worth over 6.7 billion dollars! This action caused the bitcoin market to explode, and the price dropped sharply, breaking the $93,000 mark.
Interestingly, this happened just before Trump is expected to return to the White House. It's worth noting that he had previously considered making bitcoin a national strategic reserve. Now that they have sold it, it's truly surprising. Investors in the market were scared by this situation, and many hurried to sell their bitcoins, fearing even greater losses.
However, some big players remained calm. They stated that this is a great time to pick up bargains. For instance, Robert Kiyosaki believes this is a good opportunity for “low-cost purchases.” President Booker also hinted that he might buy more bitcoins in the future.
So now the question arises: will bitcoin continue to drop, falling below $90,000 before rebounding, or is this decline just a short-term adjustment after its steep rise and needs to take a breather?
Personally, I think that market movements are unpredictable, but if anyone can seize the opportunity amidst this turmoil, they might just catch the next big surge in bitcoin ahead of time!
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