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.
This is the reason why I believe caused it to come out of the ashes of misery yesterday:
Meta Advised to Bet on Bitcoin for Inflation Hedge - a proposal has been presented to Meta’s board. It suggests the company allocate a portion of its $72 billion in liquid assets into Bitcoin.
That is a massive amount of funds to be piling into bitcoin from a technology company who's CEO has publicly questioned a competitive rival Apple's own future recently in an interview. So just the news of the board of even discussing about moving this much into bitcoin most definitely would put a jump into the step of the entire bitcoin market.
!!!!
Any positive sentiment or fundamentals is always been that a good news and this is always been that a good thing to the market. Jumping $8k a day? This isnt really that new because 5-10% movement in a day whether dump or pump is really just that like an ordinary day.If you are just that new then you will be that having those kind of impressions but if you've been here on this market for a while or for how many years then you will be seeing that this is really just that a small movement in the price but if you do make out some short trading then this would already that be that significant but if you've been holding then it wont really be that an issue or something significant.
If you've been here on this market on which these sentiments doesnt really make out some effect into the market on which on the moment that you are seeing some news or events on which it isnt really that giving out that effect and just like there's nothing, but now in todays on which the market is really that becoming highly reactive but not all the time though but we can be able to survive something when it comes to often effects on which it will really be that most traders are already that eyeing for any news on which it is really that making some impact now and its really that not good to ignore up these things.