The crypto market situation is strange.
Between May 1st and August 19th, for 110-straight days, the crypto market was effectively frozen.
This week, on the same day of President Trump's "Crypto Summit," that completely changed.
Beginning at 8:30 AM on August 19th, crypto began trading sharply higher without any major headlines.
By 7:00 AM ET on August 20th, we had seen the 7th largest crypto liquidation event in history.
Just 36 hours after that, crypto had added +$500 billion in market cap from its low and the rally began gaining momentum on Friday night amid thin volume.
Then, at 12:30 AM ET today, crypto erased -$110 billion in market cap in 20 minutes.
Yet, we have not seen single market-moving headline for crypto in days.
What is happening here?
#BTC #SP500EndsWeeklyWinStreak #bitcoin #TrendingPredictions
Between May 1st and August 19th, for 110-straight days, the crypto market was effectively frozen.
This week, on the same day of President Trump's "Crypto Summit," that completely changed.
Beginning at 8:30 AM on August 19th, crypto began trading sharply higher without any major headlines.
By 7:00 AM ET on August 20th, we had seen the 7th largest crypto liquidation event in history.
Just 36 hours after that, crypto had added +$500 billion in market cap from its low and the rally began gaining momentum on Friday night amid thin volume.
Then, at 12:30 AM ET today, crypto erased -$110 billion in market cap in 20 minutes.
Yet, we have not seen single market-moving headline for crypto in days.
What is happening here?
#BTC #SP500EndsWeeklyWinStreak #bitcoin #TrendingPredictions