All Eyes on Crypto market
What’s up with the market, fam?
Prices have plummeted straight to hell as if they had a date with Anubis! The culprit? Bavarian sausages...well, not exactly, but the German government did sell nearly 50,000 confiscated BTC over the last four weeks, totalling over $2.9 billion. God bless confiscation!
As if that wasn’t enough, Genesis Trading, teetering on the brink of bankruptcy, dumped over 12,000 BTC ($690 million).
And then, in swooped BlackRock and other big players, gobbling up the discounted BTC like kids on a sugar high.
But here’s the kicker: in the last 24 hours, Bitcoin did a happy dance, bouncing back to around $64K.
The partial sponsor of these ups and downs? Mr. Neo Trump, dodging bullets like a pro. May he stay bulletproof?
The takeaway: Every effect has a cause. Sometimes it’s the big whales, sometimes it’s armoured ears.
What’s next?
A wild bull run
BTC at $50K
Stay tuned and keep your eyes on the market!