While there are widespread reports of the US Government selling all of their BTC, it turns out that the assets are still there and untouched
So why is the market dumping? 3 reasons remains clear
1: There's an imbalance around $90k, a wick that was left behind a few weeks ago
2: As a result of 1 above, market makers will move price to that point using any available news. And that's the rumour of the US Government selling Bitcoins following the approval from the DOJ. This is the power of FUD at its finest
3: All is actually not FUD. While the US government wasn't selling Bitcoins, someone else was. And that's BlackRock!
Those are the three reasons that came to mind. If you like the content I share, please follow @Seitastic for more of them
Feel free to share your market thoughts and analysis too
According to @Arkham BlackRock is selling $BTC which has led to further sell on the Bitcoin price
If Arkham is tweeting this, then it's the truth. And you fear how bad things can turn especially after the DOJ approved a $6.5 billion sell on Bitcoins from Silk Road
Will BTC hold the $90k support or will price go lower? What do you think?
With $130m in TVL, Yei Finance is the biggest money market on Sei without a token. They've been pushing their ambassador program and will be launching a token soon on $SEI
How bad is your portfolio right now? Did you secure some profits before this recent pull back, or you didn't see this coming and you're mow under water?
When Bitcoin crossed $100k 2 days ago, a lot of people were getting excited, probably top excited, without paying attention to the charts. The chart? Yes. If you look at the data, it was clear that a range was formed between $100k - $90k. And this will only be invalidated when we either break and close below 90k or above 100k with strong volume and momentum.
But this recent move wasn't that. Even though Bitcoin Dominance reduced while Bitcoin was going up, only a few alt coins made people gains.
Now Bitcoin is closer to 90l while most alts have dropped 15-20%. Is this now the time to sell? There's no easy yes or no answer to that question.
If you've been in spot, it's better to just hold as we may already have a local bottom. If you're sidelined, now's a good time to DCA in to get some exposure
Whatever the case this #CryptoMarketDip is healthy for the market especially as there have been too many coins launched lately
Few hours ago, Telegram updated its FAQ. Take a look at the before and after when it comes to illegal content on the messaging app. What's illegal content on Telegram? How do I take it down?
All Telegram chats and group chats are private amongst their participants. We do not process any requests related to them. What about now? Without any public notice, they have made a change to the above statement as seen n the image below
It is obvious that this has to do with the arrest of the founder an