BTC bounces back to nearly $55,000 after a sharp drop! 🚀

- BTC fell below $50,000 for the first time since February, but recovered to $4,000 when the US market opened.

- S&P 500 fell 3%, Nasdaq Composite fell 3.7%, but not as bad as Japan's Nikkei 225.

- Jump Trading is suspected of mass sell-offs, affecting the crypto market.

- The VIX index reached a high level seen only twice in history: the 2008 financial crisis and the COVID-19 crash in March 2020.

- Charles Edwards: "The current situation is similar to early 2020. The Fed may cut interest rates soon."

- Jeremy Siegel predicts a 75 basis point cut in the Fed's emergency meeting.

- Trader Skew: "No real chaos, just controlled selling."

- Rekt Capital: "Highest selling volume since April 2024 Halving."

What do you think about the current BTC situation? Comment! 👇