apply from now Forbes Crypto Asset & Blockchain Advisor Navigating the volatile Bitcoin and crypto markets well
Bitcoin prices have risen by over $ 22,000 per Bitcoin. This was the highest since mid-June and then fell in a sudden optimistic wave. Ethereum Price and Other Top 10 Cryptocurrencies BNB
Currently, crypto prices are unpredictable and potentially as $ 3 billion worth of Bitcoin could suddenly flood the market after the cryptocurrency Billionaire’s Sambankman Fried issued a disastrous market crash warning. Prepare for what is called a serious “Black Swan” event.
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According to a letter posted on the website, Mt. Gox, the bankruptcy trustee of the collapsed cryptocurrency exchange this week, was once the largest Bitcoin exchange in the world and is ready to repay some of its creditors. I announced that I am doing it. Takeru Kobayashi sent an email to the creditors, giving them the option to receive funds in US dollars, Bitcoin or Bitcoin Cash, and Bitcoin forks.
Repayments could mean that up to 150,000 Bitcoins (currently worth about $ 3 billion) are trying to flood crypto investors Aaron Brown into the crypto market. Bloomberg “It may push prices down … a fall may surprise some others, and we may see further declines.”
The collapse of Tokyo-based Mt. Gox after the loss of about 850,000 Bitcoins in 2014 shocked the fast-growing crypto market.
In 2018, when Kobayashi sold Mt. Gox Bitcoin for about $ 25,000, worth $ 260 million at the time, it pushed Bitcoin’s price to an unprecedented high of about $ 20,000, late 2017. Marked the top of the Bull Run. A multi-year bear market with Bitcoin prices as low as $ 3,000.
If Bitcoin prices also fall from a peak of around $ 70,000 per Bitcoin last year, it could fall well below $ 10,000.
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The $ 2 trillion Bitcoin and cryptocurrency crash following the stock market defeat caused by the Federal Reserve’s decision to start raising interest rates and end the stimulus of the pandemic era is already its UST, Terra. Worsened by the collapse of the blockchain
Much of the Bitcoin and cryptocurrency space remains bright, despite the sudden sellout of billions of dollars from the value of the top 10 coins in Ethereum, BNB, XRP, Solana, Cardano and Dogecoin.
“Bitcoin showed positive momentum over the long weekend and remained almost green this week, but the zone between $ 22,000 and $ 23,000 remains a challenge,” said Bitcoin and crypto hedge fund Bitbull Capital. Chief Executive Officer Jordy Pasquale commented in an email, adding a federal monetary tightening policy is, in his opinion, the most important event on Bitcoin’s immediate timeline.
” [Fed’s] The Federal Open Market Committee (FOMC) meeting at the end of this month is a big event so far and could bring volatility to the market again. “