Is the US Government Behind the Recent Bitcoin Price Drop?

46M Americans Hold Bitcoin
  1. US government suspected of selling bitcoin to stop the rally.
  2. $300 million in open interest wiped out in 45 minutes.
  3. 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.

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.

Source : Coinmarketcap

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.

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