๐ Crypto Market Correction? This is the Main Cause!
This week, the crypto market has again experienced a correction that has made many people anxious. But, what is the reason behind this movement? Let's discuss it!
#1Rumor that DOJ Will Sell $6.5B Bitcoin
There is news that the DOJ will release Bitcoin from the Silk Road confiscation. If true, this will create great "selling pressure" in the market, making traders and investors rush to sell their assets.
#2US Stock Market Also Affected
The performance of the US stock market is not good again, with SPX correcting around 4% until January 10. This negative sentiment has also put pressure on crypto, because its movements are often in line.
#3Political Uncertainty Ahead of Trump's Inauguration
Donald Trump, a pro-crypto figure, was only inaugurated on January 20, 2025. Before that, there were attempts by certain parties to "disturb" crypto through conflicting policies. But after the inauguration, the market could be more stable!
#4$100K: A Heavy Psychological Number
The $100K level is a major milestone for Bitcoin. Many traders and investors use this level to "profit-take", cashing in long-awaited profits.
๐ What Can We Take From This?
Corrections are natural in the market. The important thing is to stay calm, do your research, and don't make rash decisions. ๐
