$BTC 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