bearish
Crypto Selloff: What now?
SUMMARY
- The recent 7% drop in Bitcoin's value coincided with SpaceX's announcement of selling off its entire $375 million worth of holdings.
- This event highlighted two crucial factors: the lack of liquidity in the market and the end of the bear flag counter-trend rally.
- Additionally, Binance Coin was already showing signs of breaking down, which could decrease the overall crypto market cap.
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