WHY IS BITCOIN AND CRYPTO 
CRASHING?
 
IN THE PAST 12 HOURS, BTC AND 
CRYPTO HAVE LOST OVER $100 
BILLION IN MARKET CAP
 
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.
SO, DON'T PANIC AND HODL TIGHT

Thank you for your opinion, it’s very important for me to listen to what other people think, it’s very informative and you can draw a conclusion from this and think about what to do 👍 500 $DEGEN