Good morning to all my friends. I hope you all are doing well. I am having a fantastic day. 7 days to go for vacation end. Btw let's talk about crypto market. Bitcoin is trading above 66k after breaking out 70k level but you know what happens when people turn bullish in short term, market dumped again and this time all credit goes to US Government because they are now started selling their bitcoin. Us election's are just few months away and Trump is very positive about crypto and that's why i think this government doesn't want to give custody of their bitcoin. Btw as i said before this post that many people were shorting bitcoin and huge liquidity was around 70k and now all the shorts got liquidated.
Us government has more than 250k bitcoins and if they continue do selling then this will be disaster for crypto market because this market is already suffered a lot because of MT GOX. Almost 50% people lost interest in crypto compared to starring of 2024. Bitcoin D is around 57% and most likely it will touch 60% before crashing down and that will be huge for altcoins. I know many of you are holding your coins and were chilling from last few months but now started to get panic but don't panic. Market will be good in upcoming weeks. This is just short term manipulation. That's it for today. Here's the latest update
">video of crypto market. Thanks & have a good day!!