Bitcoin has since come down from 71 to 73k USD to around 64k USD with relatively low liquidity.
In fact, since the hype with bitcoin going back to above 71k USD, bitcoin and a number of crypto assets have experienced a very low level of volatility as compared to a few years back of volatility.
Is this a quiet period for big sharks to quietly offload their stock on hand? This could well be a possible scenario. Nasdaq 100 has also came down from recent high of 20200 to below 20k.. Nvidia and apple had since come back a little from recent high.. all due to AI hype...
So what is expected to happen? Biden surely wouldn't want risk assets to crash prior to presidential election...
Its the fight between bulls and bears though I think bulls will do their best to get risk assets up. I am still edging towards the scenario of risk assets going up though at this level for us assets, there is a risk of sudden collapse...
Back to the topic on crypto is that it is tough to ascertain a true value on any cryptos..
As always, it's important to stay safe and do proper capital allocation.
As always, this should not be construed as any investment or trading advice.
$Marathon Digital Holdings Inc(MARA)$ $MicroStrategy(MSTR)$ $Coinbase Global, Inc.(COIN)$ $CME Bitcoin - main 2405(BTCmain)$ $Tiger Brokers(TIGR)$
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