What is going on with BTC.
12 May 2023, 14:56
What is going on with BTC?
😶🌫️ The other day we saw a very strange "Christmas tree" in the performance of BTC and many of you wondered - what causes it? Let's look into it.
🔎 The financial situation in the world is very unstable and consequently almost any news very strongly affects the market.
1) The other day there was a rumor that US government is selling its 60 billion dollars in bitcoins, but few hours later it was refuted (hence the jump).
2)A lot of reports from different companies are coming out lately, which affects the market in one way or another.
3) Inflation was lower than expected (4.9 instead of 5.0).
4) Many countries are considering bills and the introduction of cryptocurrencies in their financial systems.
⚖️ As you can see, now more and more began to raise the topic of web3, so we need to follow the news and be ready to make decisions.