For those who were watching their bitcoin and cryptocurrency portfolios drop significantly yesterday probably wondered what caused such a downward spiral then sudden rise of nearly $8,000 in less than a 24 hour time period.
I don't know how true is this, because if this news was already among a group of people very active in the market then I am from them because I already saw this news days ago before this dump and they said the board's member have proposed this while the Meta company has $72 billion dollars in cash which means they can at least invest 2% or %5 I am sure if they would have approved the proposal, this would be the allocation.
Well, they still not accepted this proposal and I still really don't know what was the reason to this dip as I did not had time for the last two days due to work, I will just spend some time here to find out instead of going to google and read many article hehe. Well, the reason to dip is unkown but the reason to pump can be many people had funds in cash (that's a fortune) and they found BTC that cheap they picked it quickly without any other thought.