Bitcoin down suddenly! Today's Bitcoin News
Assalamu Alaikum
how are you all
Hope everyone is doing well!
Bitcoin Down Suddenly Today, Falling to Around $50,625, Although Going to Recover Somewhat Later,
But maybe the market can take a correction now,
Because it hit $42K to $52K and didn't go down in between.
And even on Saturdays and Sundays, there is not much volume in the market.
And I think a correction is needed at this moment, because $42K has gone from $52K, in which the Green Candle was being made, it is very bad and can be said that Red Candle is needed at some point.
[Screenshot From Binance]
If you notice the Fear and Greed index is around 76, which is in a very good position,
Let's learn about Crypto News today.
According to CoinBase CEO, Coinbase already has 90% of the estimated $37 billion in Bitcoin ETF assets in custody!
Rick Edelman Says Spot Bitcoin ETFs Will See $150 Billion Inflow By End of 2025
A very good news for Crypto Currency, we want it too,
BlackRock already holds an amount of Bitcoin in the Bitcoin ETF, which is about 0.58% of the circulating supply of Bitcoin.
| Source From Binance |
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Since last 2 weeks 83 Fresh wallets have withdrawn about 11,097,687 $LINK from Binance which is about (216.4M),
Link is going to be the next Solana, BullRun LINK has the potential to perform hugely because Link is Top Catagory Coin so if you want you can keep an eye on it, now Entry is more likely to lose, so wait for the next Down.
This is the end of today, Allah Hafeez,
Yes we have all noticed this. But I think it will be for a while.
Right
After a massive pump of bitcoin it have to go in correction. Don’t warry it will pump soon. I think bit coin will not break 50k$.
Right
Thanks for sharing behind the reason Bitcoin sudden dump... Thanks for sharing
Thanks
The Bitcoin price down is nothing to worry about because it is part of the market and it is sort of some correction which is not new and often happens in this market.
Right