Here are some ways to avoid falling victim to FUD in the market:
1. Do your own research
2. Verify sources
3. Avoid emotional decisions
4. Diversify your investments
5. Consult with experts.
LIVECrypto Taylan
--
Why did bitcoin crash? Another false alarm drove the price down. (10/05/2023)
#Bitcoin price rose above $ 28 thousand and experienced a rapid rise, with the US inflation data coming below expectations. In the evening hours, the price fell below 27 thousand dollars with a sharp decrease within minutes.
The price movement in question came at 20.07 TSI and Bitcoin fell from $ 28 thousand 227 to $ 26 thousand 842. While questioning the reason for this decline in Bitcoin, the arrows once again pointed to the crypto intelligence company Arkham, but this time it was understood that the culprit was not Arkham, but the fall in price was caused by a mislabeling of a user using an alert bot via Arkham.
In the evening, 9,800 BTC worth $276 million came out of a wallet, and the Twitter account @1kbeetlejuice, a research analyst at The Block, reported this move as an exit from the US-controlled wallet. He supported this with screenshots from the Telegram bot seen below, but his tagging was wrong. After the notification, a pullback in Bitcoin price exceeding $ 1000 was recorded.
There was also a statement from Arkham on the subject. Arkham stated that users can only add and remove tags manually in their private accounts. The company stated that these labels were not made by the Arkham team and emphasized that there was no movement in Bitcoin wallets associated with the US government.
Bitcoin recovered a bit after all this, and the price is at $ 27,750 at 00:25 TSI.
The USA sold Bitcoin in March, giving the message that “more is on the way”
Bitcoins seized by US law enforcement in various operations are sold by auction or in different ways after a while. It is estimated that there are approximately 200 thousand BTC in this way under the control of the USA at the moment. Last March, it was announced that 9,800 BTC was sold in connection with a lawsuit. In the statement, it was noted that 41,500 BTC is also planned to be sold this year.
The price movement in question came at 20.07 TSI and Bitcoin fell from $ 28 thousand 227 to $ 26 thousand 842. While questioning the reason for this decline in Bitcoin, the arrows once again pointed to the crypto intelligence company Arkham, but this time it was understood that the culprit was not Arkham, but the fall in price was caused by a mislabeling of a user using an alert bot via Arkham.
In the evening, 9,800 BTC worth $276 million came out of a wallet, and the Twitter account @1kbeetlejuice, a research analyst at The Block, reported this move as an exit from the US-controlled wallet. He supported this with screenshots from the Telegram bot seen below, but his tagging was wrong. After the notification, a pullback in Bitcoin price exceeding $ 1000 was recorded.
There was also a statement from Arkham on the subject. Arkham stated that users can only add and remove tags manually in their private accounts. The company stated that these labels were not made by the Arkham team and emphasized that there was no movement in Bitcoin wallets associated with the US government.
Bitcoin recovered a bit after all this, and the price is at $ 27,750 at 00:25 TSI.
The USA sold Bitcoin in March, giving the message that “more is on the way”
Bitcoins seized by US law enforcement in various operations are sold by auction or in different ways after a while. It is estimated that there are approximately 200 thousand BTC in this way under the control of the USA at the moment. Last March, it was announced that 9,800 BTC was sold in connection with a lawsuit. In the statement, it was noted that 41,500 BTC is also planned to be sold this year.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
BTC
68,364
-1.00%
Replies 0
