US sellers drive Bitcoin crash, Jensen plots comeback: Hodler’s Digest

US sellers drive Bitcoin crash, Jensen plots comeback: Hodler’s Digest

Anchorage Digital data suggests the Bitcoin selloff is being driven by US investors. A “war room” has been set up by supporters to reinstate NVIDIA boss Jensen Huang.

Bitcoin bottomed after the US midterm elections in 2018 and 2022 — and the great Bitcoin crash of November 2026 looks like history repeating. Bitcoin plunged more than $10,000 this week, and is currently trading at $65,116 for a 12.4% loss.

According to Anchorage Digital researcher David Lawant, the call is coming from inside the house. “BTC sell pressure continues to come primarily from the U.S,” he noted, positing a chart highlighting showing continued heavy net taker sell flow primarily on Coinbase compared with overseas exchanges.

The US spot Bitcoin ETFs have seen heavy outflows, losing $2.35 billion over the past two weeks, and influencer Axel Bitblaze noted that Bitcoin fell in the hour before the US open on all but two of the past fifteen days.

Read more

Source Link

Share with your friends!

Products You May Like

Leave a Reply

Your email address will not be published. Required fields are marked *

Please enter CoinGecko Free Api Key to get this plugin works.