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Bilal Ashraf
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Bilal Ashraf
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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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Always have a back up plan. $BTC
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Memecoins will take me out the trenches
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BREAKING Indian Government reduced customs duty on gOLD from 10% to 6% All the gOLD holders in India lost 5% of the value overnight You can’t do this to #Bitcoin
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