🚨 SHOCKING: $BTC Crashes Post-ATH, Altcoins Stagnate – Is the Crypto Market in Danger? 🚨

The past week in crypto has been nothing short of chaos, with Bitcoin retreating sharply from its all-time high (ATH) of $108,000 and altcoins showing little to no momentum. Here’s a complete breakdown of the dramatic events and their implications:

📉 Last Week’s Shocking Developments (Dec 16 – Dec 22)

MicroStrategy’s Massive BTC Bet

Purchased 15,350 BTC (~$1.5 billion) at an average price of $100,386 per Bitcoin.Now holds 439,000 BTC, worth $27.1 billion, solidifying its status as a major BTC whale.

Ripple’s Stablecoin Launch

Ripple officially launched its RLUSD stablecoin on December 17, signaling a strategic push into the stablecoin sector.

Lido’s Sudden Polygon Exit

Lido ceased staking services on Polygon, citing low user adoption, unattractive rewards, and a focus on Ethereum.

Metaplanet’s Bitcoin Bonds

Issued ¥4.5 billion ($30 million) in bonds to accelerate Bitcoin acquisitions, with debt repayment tied to stock purchase rights revenue.

Deutsche Bank’s Blockchain Expansion

Developing a Layer 2 blockchain on Ethereum using ZKsync technology, targeting compliance for financial services.

Mo Shaikh Resigns

CEO and co-founder of Aptos Labs stepped down, raising questions about the project’s future.

📊 Market Overview

BTC Pullback:

Bitcoin closed the week in red, suffering a significant correction after reaching its ATH of $108,000.Liquidity dried up amid holiday trading, leaving the market vulnerable to further downside.

Altcoin Stagnation:

No positive signals from altcoins, with over $251 million in stablecoin outflows from exchanges in the last 24 hours.

BTC Dominance Trend:

Historical insights suggest BTC dominance (BTC.D) often decreases during Christmas, potentially giving altcoins a short-term edge.

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