#NFPCryptoImpact #USJoblessClaimsDrop
Greetings everyone I just wanted to talk about the recent crypto market dip. Everyone’s surprised and wondering what’s going on, right? What caused this drop? And the big question when will the market go up again? I’m sure we all have these thoughts in mind. Let’s figure it out together....
US Government’s $6.8 Billion #Bitcoin Sale Sparks Market Crash Worst Decline in Recent History...
The cryptocurrency market is in turmoil following a massive sell off of 68,200 BTC, worth approximately $6.8 billion, by the US government. These Bitcoins, seized during the infamous Silk Road investigation, have shaken investor confidence, triggering a sharp decline across the market.
This sale happening just two weeks before the current administration leaves office, has raised eyebrows. Experts speculate political motivations behind the timing, as the decision could have been left to the incoming government. The move has created panic, with traders fearing an oversupply that’s driving bearish sentiment.
The sheer volume of Bitcoin hitting the market has sent shockwaves, impacting not only Bitcoin but the entire crypto space. Investors are now left questioning the long-term implications of this decision on prices and overall market stability.
Source of information :
CoinDesk
CryptoSlate
Decrypt
N as well my own insights based on market observations and news trends.
if you're agreed with me lemme know in comment box with word "yes"...
