This morning is bad for all of us because it is a major crash after a long time. BTC reached the 24k mark and even 23k in some exchanges so why it is happening I am going to discuss it here. Hive is very down too, you can see it is trading around 0.28 which is the lowest these days because it is broken at 0.3 which was the support line. One thing is common in these all panic events and that is "sec". But now all blame is coming on elon musk's head for this crash and he is not even talking about it. His hidden crypto sale is published in the latest news report. However, believing in news from unknown sources is not a good idea but the crash was big so we definitely need to talk about it. I am not a fan of any whales because they are here to make a profit because they are business people.
Elon Musk's Tax Filing Report
Elon Musk is a big name and he is powerful enough to change the market sentiments because he is a big player. However, this is not a good thing because it's against decentralization. Now recently Elon Musk filed a tax and the thing is come out of this report is that Elon Musk sold all cryptocurrency. I think this is enough to crash the market. $373 million dollar worth of bitcoin was sold by Elon Musk and this report was published in the wall street journal.
This specific thing impacts the market badly. However, there is no evidence that Spacex sold all Bitcoin. Elon Musk or SpaceX company has not given any information regarding this sale. Elon Musk has not even tweeted about that. Previously when elon musk sold his bitcoin he shared the information regarding that sale but now why he sold their crypto, he should give clarification. Elon Musk is positive about crypto.
The price has gone down differently on different exchanges. In some exchanges, it touches the 23k mark. Now this definitely takes time to recover. Another thing is Court gave the approval that they can file the motion against the XRP so it will give impact the market again when this motion will file. Not only this but there are 300,000 LTC transferred from an unknown wallet to Binance so we can see sell pressure in the near future.
So things are not going well now and the market came under pressure mode. We can just wait for the good days and selling your crypto because of this panic situation is not a good idea. So what is your opinion on this research? let me know in the comment section. Also, share this post on social media. Have a good day.
Thank you, everyone.
Lucky Ali
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| Hi I am lucky ali from gujarat, india. I am a crypto enthusiast, blogger, and SEO developer. I am always interested to learn new things and getting new experiences. You can find me on hive, twitter and discord (Lucky Ali#6343). Sharing is caring, Thank you hive family ♥ |