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Famed crypto influencer Manzi Crypto has reportedly been arrested by the NCCIA. The reason for the reported arrest has not yet been disclosed. Further details are awaited as the story develops.
Bitcoin and Ethereum led a broad crypto selloff over the last 24 hours. Bitcoin fell 2.71% to $84,121 while Ethereum dropped 2.52% to $2,686.
The decline came after bond yields rose and Nasdaq weakened. Despite this, institutional demand is still strong - Bitcoin ETFs saw 8.25K BTC of net inflows yesterday.
Market Highlights: • XRP fell 6.59%, Solana lost 3.44%, Dogecoin dropped 7.08% • Fear & Greed Index is still at 71 (Greed zone) • Bitcoin touched $87,000 earlier this week
My View: This looks like a small healthy dip, not panic selling. $84k is a strong support level. This could be a good buying opportunity before the next leg up.