WHY IS #BITCOIN  AND CRYPTO 
CRASHING?
 
IN THE PAST 12 HOURS, BTC AND 
CRYPTO HAVE LOST OVER $100 
BILLION IN MARKET CAP
 
HERE'S WHY THIS HAPPENED 👇
 
AS WE KNOW, THE CRYPTO MARKET 
IS HIGHLY CORRELATED WITH THE 
STOCKS MARKET 
 
IN THE PAST 2 DAYS, ALPHABET AND 
TESLA REPORTED THEIR QUARTER 
EARNINGS. 
 
ALPHABET MISSED YOUTUBE AD REVENUE EXPECTATIONS WHILE TESLA REPORTED FALLING PROFITS
 
THIS CAUSED A DUMP ON BOTH ALPHABET AND TESLA, WHICH RESULTED IN THE S&P 500 AND NASDAQ'S BIGGEST DUMP SINCE SEPTEMBER 2022.
 
THE 7 LARGEST COMPANIES LOST $500 BILLION IN MARKET CAP, WHILE THE ENTIRE US STOCK MARKET LOST $1.1 TRILLION.

BUT THERE'S SOMETHING ELSE TOO

BITSTAMP WILL START DISTRIBUTING MT. GOX BTC FROM TODAY

IT IS EXPECTED THAT THEY'LL DISTRIBUTE OVER 35K BTC WORTH $2.25 BILLION

THE MARKET USUALLY TRY TO PRICE IN THESE DUMPS, SO BTC DIPPED BELOW $64K

ETH DUMPED 4X MORE THAN BTC, AS IT ALSO EXPERIENCED A HUGE OUTFLOW.
 
IMO, THIS IS JUST A TEMPORARY DIP, AND THE MARKET WILL RECOVER SOON…