Crypto Market Sell-Off: Whales & ETFs Impact

Major cryptocurrencies experienced a significant sell-off, with Bitcoin dropping from nearly ninety-two thousand to eighty-five thousand seven hundred dollars, leading to over six hundred fifty million dollars in liquidations. Despite positive signs earlier in the week, such as large Bitcoin holders accumulating and inflows into Bitcoin and Ethereum ETFs, the market remains volatile. Tethers founder addressed insolvency concerns, while Chinas central bank reaffirmed cryptocurrencys illegality. Michael Saylor of MicroStrategy hinted at a possible Bitcoin sale. The markets future hinges on large investors actions and ETF performance.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.