BITCOIN BELOW $70,000: WHY THE MARKET IS CRASHING
📉 Price: Bitcoin fell below $70,000 to $69,150, its lowest in nearly three months, down about 20% since early October. Ethereum slipped under $2,000, XRP trades near $1 and Solana fell below $80.
💥 Nvidia shock: Jensen Huang's resignation sent the Nasdaq down 4.6%, and the AI selloff spilled into crypto.
📊 Inflation: October CPI rose 0.4%, above the 0.3% forecast, pushing December Fed hike odds to around 90%.
💸 Outflows: Spot Bitcoin ETFs saw $1.44 billion in outflows over five sessions, with BlackRock's IBIT red for eight straight days.
⚡ Liquidations: Over $650 million in positions were liquidated in 24 hours, mostly longs, turning a dip into a slide.
Fear is extreme and the market is looking for a catalyst. The next test is whether Bitcoin can hold $70,000 or slides toward $65,000.
$BTC #HuangExitNvidiaStrategyInFocus
$ETH
$XRP
📉 Price: Bitcoin fell below $70,000 to $69,150, its lowest in nearly three months, down about 20% since early October. Ethereum slipped under $2,000, XRP trades near $1 and Solana fell below $80.
💥 Nvidia shock: Jensen Huang's resignation sent the Nasdaq down 4.6%, and the AI selloff spilled into crypto.
📊 Inflation: October CPI rose 0.4%, above the 0.3% forecast, pushing December Fed hike odds to around 90%.
💸 Outflows: Spot Bitcoin ETFs saw $1.44 billion in outflows over five sessions, with BlackRock's IBIT red for eight straight days.
⚡ Liquidations: Over $650 million in positions were liquidated in 24 hours, mostly longs, turning a dip into a slide.
Fear is extreme and the market is looking for a catalyst. The next test is whether Bitcoin can hold $70,000 or slides toward $65,000.
$BTC #HuangExitNvidiaStrategyInFocus
$ETH
$XRP
