The reason for the BTC crash has been found! Global assets plummeted yesterday! Silver prices continued their "flash crash," plunging 19% and erasing all gains from this rally. It's estimated that it will take 10 years to break even. Bitcoin continued its sharp decline, falling 12% and breaking below $65,000, breaching a key support level. U.S. stocks fell across the board, with the Nasdaq experiencing its worst three-day drop since the plunge in April last year. Software stocks continued their collapse, with SaaS stocks falling for the eighth consecutive day, reaching their lowest level since November 2023, and approaching historical extremes in oversold conditions. Several factors contributed to this decline: There's no bad news for BTC; the impact is all due to negative macroeconomic news, which is why BTC's so-called "support line" has been broken. This time, the US stock market did not experience a "V-shaped rebound," marking the first time since Trump took office that he has failed to "support the market." - There was good news last night: initial jobless claims in the US surged while job openings fell to their lowest level since 2020—"bad news is good news," things should have risen, but this is strange. Unlike past market downturns, this time there's no market intervention. Federal Reserve officials, Treasury officials, and even Trump haven't stepped in to quell the panic as usual. Don't despair; BTC is merely collateral damage. Currently, BTC prices are very attractive, and leading Altcoin in their respective sectors are even more so. Microsoft, CRCL, and Bitdeer are all highly sought after. Encountering good assets in one's lifetime is lucky; encountering good assets at very "cheap" prices is a blessing. Wishing everyone financial freedom in advance 🙏 twitter.com/punk2898/status/20...
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