Due to the bill not being passed, the market reacted briefly—BTC fell 200 points. It broke through 75,000 and dipped to around the lowest near 74,800, while ETH’s low came to around the 2,356 line.
So, even though the bill was not passed (which is a negative), the market seems to have been able to accept it. Since the probability of it being passed was already low, we didn’t see anything like an enormous waterfall. In terms of the price action, BTC technically broke below 75,000, but the closing price was above 75,000—so it wasn’t a real breakdown. Luckily, Xiaoh a was quick and made a move to lower the average entry price of the BTC holdings earlier. Right now, each one’s average price: BTC is at 75,600, and ETH is at 2,385!
So, even though the bill was not passed (which is a negative), the market seems to have been able to accept it. Since the probability of it being passed was already low, we didn’t see anything like an enormous waterfall. In terms of the price action, BTC technically broke below 75,000, but the closing price was above 75,000—so it wasn’t a real breakdown. Luckily, Xiaoh a was quick and made a move to lower the average entry price of the BTC holdings earlier. Right now, each one’s average price: BTC is at 75,600, and ETH is at 2,385!
