Post
Topic
Board Speculation
Re: BTC lost 3K $ in 1 day, Whales Are In Action
by
Natalim
on 20/03/2020, 11:37:03 UTC
Let's see whether this was a stealth rise while the US stock markets were asleep. If it continues to go up, or at least be buoyant, while stocks fall or stagnate then we might properly be on to something. Even then we'll need several days of it to be sure.
I also tried to confirm that. this is really interesting. when the price dropped so fast, I thought that the price could reach $ 3k as they say. However, right now the price is recovering, even I think that prices will continue to rise until they reach levels above $ 7000
That makes it bitcoin different from the other asset class, now crypto has proven that they are not correlated with stocks because it can make its own recovery without depending on stocks, there's a huge money on crypto, almost 200 billion in trading volume in overall, that's a big money entering in crypto and this growth is not only for bitcoin, the altcoins market has been increasing significantly as well.