🧮 $BTC 81966.05, 1h -0.22%, 24h +1.26%, trading volume 1.551 billion
Background: Hong Kong police busted an investment fraud syndicate involving agarwood trees. The case involved approximately HK$14 million, and the related cryptocurrency lost over 99% of its value. Six people were arrested.
Price and trading volume need to move together for the signal to be meaningful. If the price moves but volume doesn’t follow, be skeptical. It doesn’t make for comfortable reading, but market movements are never determined by just one piece of news.
#BTC
Background: Hong Kong police busted an investment fraud syndicate involving agarwood trees. The case involved approximately HK$14 million, and the related cryptocurrency lost over 99% of its value. Six people were arrested.
Price and trading volume need to move together for the signal to be meaningful. If the price moves but volume doesn’t follow, be skeptical. It doesn’t make for comfortable reading, but market movements are never determined by just one piece of news.
#BTC