- US government suspected of selling bitcoin to stop the rally.
- $300 million in open interest wiped out in 45 minutes.
- Crypto community awaits confirmation of the reports.
Recent reports on social media suggest that the US government may be behind the sudden drop in Bitcoin’s price. Twitter users have claimed that the government sold bitcoin to halt the ongoing rally, a move that has left the crypto community both baffled and concerned.
Read CRYPTONEWSLAND on
google news
One Twitter user shared a post stating, “It was reported not sure if it was confirmed but it was the US government who sold down probably to stop this rally. ~$300 million of Bitcoin open interest wiped out in 45 mins what a savage move.” The tweet implies that the government may have intentionally sold a significant amount of Bitcoin to prevent the price from rising further.
The alleged sale has had a massive impact on the market, with approximately $300 million in open interest wiped out within a mere 45 minutes. This abrupt event has left many investors reeling and seeking answers.
While these reports have not been confirmed, the crypto community is eagerly awaiting more information. If the US government is indeed behind the recent Bitcoin price drop, it could have significant implications for the future of the cryptocurrency market.
For now, all eyes are on the US government and the Bitcoin market as investors anxiously wait to see if these reports hold any truth. Until confirmation is provided, the speculation surrounding the government’s potential involvement in the recent price drop will continue to fuel discussions within the crypto community.
Recommended News :
disclaimer read moreCrypto News Land (cryptonewsland.com) , also abbreviated as “CNL”, is an independent media entity — we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.
