BTC huge pump but why ALT Coin down? Crypto Currency News today,

in Tron Fan Club5 months ago

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Assalamu Alaikum

how are you all Hope everyone is doing well, BTC Finally Hits $57K+ After 2 Years, Very Good Side, Pumped 7 thousand dollars in 1 day, this is a very good aspect. But the problem is that even though BTC is pumped hugely, ALt Coins are down instead of hugely pumped according to BTC huge pump. Drop where ALT Coin is supposed to be Bullish but why? BTC will give huge down again? The main reason for not pumping ALT Coin is that all Investors are paying attention to Bitcoin because no one is making new ALT Coin Investment, ALT Coin has stopped, all small and large Investors are now in Bitcoin, but when the market stands at a stable position, ALT Coin investors will start coming. At this very moment, there is a possibility of Bitcoin going down. We all know that when BTC continues to pump, it is not a good thing but rather a bad thing, because it has a chance of a market crash. Because everyone keeps BTC or other currency long position open, the Exchanger has a huge loss because of that, the market is deliberately crashed by a big whale! |Let's know some Crypto News-| |-| "In the last 24 hours, 84,486 Traders came into Future Trade alone, their total liquidation was $364.14 million! All kept Long Positions Open, Even the largest single liquidation order on the Binance exchange was ETHUSDT worth $10.38 million." -Source By Binance ***

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Now you understand why there is a chance of market crash.
The first thing is that the market will go down before the halving, because a total of 950 bitcoins are being mined every day, who
Mining they sell their mined bitcoins to cover their electricity bills, no one holds them, and mining 1 bitcoin costs approximately $18K - $20K+ which is almost double the profit now, due to which all miners mine Bitcoin Sells,
And after halving their mining will be halved and their cost will increase and new mined bitcoins will be less in the market, the cost of mined bitcoins will increase, now if a bitcoin mining cost is $18K - $20K+ then $18K - $20K+ will be halved. Bitcoin mining will result in fewer bitcoins coming into the market.


9 New Bitcoin ETFs Hit Record Today With BlackRock's $1.3B Trading $2.4 Billion They Traded
And today saw the highest volume since the launch of the Bitcoin ETF.
-Source Bitcoin Archive


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Within 2 months of Bitcoin ETFs being approved, all Bitcoin ETFs held around 300,000 Bitcoins!
-Source The Block


A Bitcoin Holder at MicroStrategy, who held $6.09Billion worth of Bitcoins, has now earned $3.8Billion.
-source Yahoo Finance


This was the most important Crypto News,
I'm finishing here today, everyone be well, Allah- Hafez!

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I believe Altseeason is coming soon, latest next month, we gonna see some major pumps in alts

Right bro

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Yes it takes some time to pump, we've all seen that.

Good explained about this.. Go ahead.. Best of luck.

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Thanks bro

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Every investors are interested in bitcoin. They are buying bitcoin. Because in april we will see a big pump of bitcoin. To get profit everyone investing in bitcoin. So after halving may be we will see Altcoin season. Thanks for spreading this news.

You gave a very nice explanation about why BTC is huge pump but ALTCoin is the bottom. Which is very important for us and it is very important for all of us to know about this. Thank you for sharing such a beautiful post with all of us.

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