LearnBitcoin
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I have been checking why the market is fluctuating too much, and I believe many of you also wonder why the market suddenly pumps and suddenly dumps. From now on, I will try to analyse and check the news from other sources and conclude the reason for the sudden movement. You are welcome to share your thoughts.
Date: 20th December 2024. The Bitcoin market suddenly dumped straight to 92.5K from 105K. This did not happen in an hour. It's all started since the previous day. The reason was this: https://cointelegraph.com/news/bitcoin-etf-record-sell-off-december-2024
As the news says; Bitcoin ETFs saw a record $671.9M outflows on Dec. 19, coinciding with Bitcoin’s price dip and marketwide liquidations.
So, this was the reason for the recent movement. As usual, Altcoins are bleeding at this moment.
Date: 20th December 2024. The Bitcoin market suddenly dumped straight to 92.5K from 105K. This did not happen in an hour. It's all started since the previous day. The reason was this: https://cointelegraph.com/news/bitcoin-etf-record-sell-off-december-2024
As the news says; Bitcoin ETFs saw a record $671.9M outflows on Dec. 19, coinciding with Bitcoin’s price dip and marketwide liquidations.
So, this was the reason for the recent movement. As usual, Altcoins are bleeding at this moment.