Why did Bitcoin crash?

in Tron Fan Club6 months ago

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Assalamu Alaikum

how are you all? I Hope everyone is doing well! BTC Crashed Suddenly Today, $45K to $40750! Why did it suddenly drop so much, we all know that BTC Pump and Dump depends on Bad News and Good News. Suddenly there is a bad news in the market so much drop!

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Yesterday BTC suddenly pumped from $42K+ to hit $45500,
The reason why it was pumping so much was, Galaxy Digital CEO predicts Bitcoin ETF will be approved, as soon as such news was shared, BTC started pumping.
Then there was the reason for the sudden crash, Bitcoin ETF Rejected News,
MatrixPort company shares few reasons why they are not Bitcoin ETF Approved,

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Although they didn't directly say Bitcoin ETF will be rejected,
Some of the reasons why Bitcoin ETF will be rejected are highlighted, and this news makes Bitcoin crash.
And it's not a bad news because it's not real news, we can be sure only when the SEC official news, we can be sure!
If seriously Bitcoin ETF Rejected then huge crash will be seen which can touch $35K, but this crash will be for short time, very soon recovery will be in 2 to 3 days or 1 week.
Because many investors will invest in the drop market.
New liquidity will come to the market!
Now the question is whether it is right to buy coins in this drop market?
Because famous coins like ADA, Matic, Sol are still in huge down!
It is right not to invest at this time because, if it is not approved on January 10th, it will be a huge downfall, it may cause you a huge loss, now the problem is that if it gets approved, it will see a huge pump, in which these coins will be available at this low price. no,
Now you can invest according to your risk.
So you can select Top Loser in Coingecko,
So that's the end of today, stay well everyone.
Allah-Hafez

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It still surprises me how a simple bit of news can make such a big stir. I hope the market recovers from this mess swiftly

Recovery soon...

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Great share, ofcourse this is one of the reasons why bitcoin will not easily make it to the adoption of every country, a speculative asset and moved easily by news mostly

Thanks brother

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Really very nicely explained about bitcoin crash . Wish you all the best. Keep posting like this.

Thanks brother

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We Don't trust this type of news. When sec Official announce any statement then we will trust it.

Thank you for writing about why bitcoin crash and those reasons.

Thanks brother

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