Pretty normal behavior the year between the years before and after the halvening, but I do find it very strange that so many people would have more faith in the value USD than in BTC. You would think everyone would be sensible enough to flee USD beforw things started crashing and the fascists replace the Fed with their loyalists.
Could be that because times are tough people are cashing in their crypto savings.
USD can fix its economy with policy changes anytime it wants to.
Some whales decided to cash out their BTC as it didn’t go higher, and the snowball started to roll. There will always be the next pump & dump. It might take a few more years to reach the same highs, or it could fall to 0, but I personally doubt it.
There is an incredible amount of BTC that is just not traded actively on open markets, and some that will never be traded. That means that much smaller trade volumes are needed to affect market prices over any defined period.
Pretty normal behavior the year between the years before and after the halvening, but I do find it very strange that so many people would have more faith in the value USD than in BTC. You would think everyone would be sensible enough to flee USD beforw things started crashing and the fascists replace the Fed with their loyalists.
Could be that because times are tough people are cashing in their crypto savings.
USD can fix its economy with policy changes anytime it wants to.
Some whales decided to cash out their BTC as it didn’t go higher, and the snowball started to roll. There will always be the next pump & dump. It might take a few more years to reach the same highs, or it could fall to 0, but I personally doubt it.
BTC current market cap is 1.47 Trillion Dollars and at its peaks was 2.52 Trillion.
The richest men on earth would struggle desperately to make the number budge.
There is an incredible amount of BTC that is just not traded actively on open markets, and some that will never be traded. That means that much smaller trade volumes are needed to affect market prices over any defined period.