What Happened to BTC and Crypto? 🚨
From Uptober to Rektember, everything flipped overnight.
BTC was close to $73,000, with the market eyeing a new all-time high. Now, $BTC has dropped below $69,000 📉
People are left wondering what went wrong.
👉 #Iran is reportedly preparing to attack #Israel from Iraqi territory in the coming days (before the U.S. election).
War is typically a negative factor for BTC and crypto.
👉 Nearly $1 billion was wiped out from the U.S. stock market in just one day, adding to the selling pressure on risk-on assets like #BTC and #Crypto 😢
In the past 24 hours, $246.36 million in long positions have been liquidated.
This is just a temporary drop; the fundamentals remain strong.
BTC ETFs are continuing to accumulate, and global liquidity is at an all-time high.
Don’t panic sell your bags.
#Moonvember is coming 🚀
