Crypto 24 / 7 News

Bitcoin – BTC Government DUMPING Bitcoin! Crypto Crashing NOW! How’s it going everyone it’s Sam I want to give you a quick update because the market started fall the crypto Market started to fall pretty quickly with Bitcoin going from about 29 700 or so down to 27 700 even further down I believe than that within about an hour And there are a couple different reasons for that if you don’t mind please hit subscribe turn on that Bell notification hit the like button and if you want to know what I’m buying and selling you can check out the link underneath the video to the patreon now I’m gonna keep this Short for you if this is my third video today and hopefully the last video but Bitcoin made a big move and there are a couple different reasons first of all there are some reports that mount gox uh Mount gox wallets and the US government wallets are moving Bitcoin Arkham alerts Said that they are actually possibly dumping Bitcoin but they’re unconfirmed rumors at this point so maybe that’s part of it we know that the US government has a lot of Bitcoin the other thing is we have a huge amount of open interest that was wiped out within An hour 300 million and we’re seeing crypto liquidations come in uh the total crypto liquidations right now looks like about 200 million in the last four hours and there’s about there’s 70 million just over the last hour when I looked just a minute ago that was after the big Move down and the thing about this is I knew something was going on that someone was making a big play because I was watching Bitcoin and it was moving up and down 500 per Bitcoin within a second like the the tickers were updating every second it was 500 moves up and down and We’ve seen it where Bitcoin doesn’t move more than twenty dollars for like an hour or something like that but there’s a lot of volatility there so someone is selling the question is just who and obviously it could just be a whale trying to cause some liquidation some long Liquidations buy you right back in at a lower price and then send it right back up and you know we knew this morning that there were some short liquidations now it’s just the other side of that coin which is something you have to be careful of if you’re not willing to take The risk to long or short you got to be careful with those because they can change quickly so long term I don’t think it’s really going to affect crypto there’s no big news coming out and it seems like things are getting better we have GDP coming in tomorrow pce Friday so We’re gonna have to get some of those numbers see how that all turns out and then that could obviously push up the market as well for crypto earnings were looking good Facebook just came in with earnings really strong Revenue beat by about four percent about billion dollars And about a about a 10 beat on earnings per share they also have strong guidance Wall Street was expecting about 29.5 billion for Q2 and Facebook saying 29.5 to 32 billion in Revenue so upping the guidance essentially all really good news the stock itself is up like 12 after hours 10 after hours Attack that onto Microsoft tack that onto Google and we’re looking at a pretty good earnings season so I think that will definitely help out crypto let me know your thoughts in the comment section below let me know if you think Mount gox wallets or the US government Wallets are dumping Bitcoin out but not be surprised if they took this chance at the US government took his chance to wipe out some open interest and to send bitcoin’s price back down uh right when all this other good stuff is happening right when banks are collapsing FRC down 30 percent here today after being down 50 then basically saying hey we’re not going to help you we’re not going to give you any more money to borrow that’s what they said earlier today so I would not be surprised if they’re trying to make it look like Bitcoin is just as Much of a risk as their own Banks but who knows thank you so much for watching I appreciate it and I’ll see in the next video bye Want to know exactly what I’m buying in stocks/crypto right when I buy? 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