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We're going back to $58k for several months... aren't we...
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GM  |
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It's over.
No new ATH before the halving.
$75k nowhere in sight.
$100k still a dream.
I was told there would be green dildos about now.
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Has anyone noticed that the market is currently going crazy interm of volatility  Moving with average $20 ups and down is quite crazy to me You're new here, huh? |
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We are below $69,420 USD.
Now would be a good time to possibly consider making a effort to pretend being worried..
Fuggin' Iran tanking the price of corn... |
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We are below $69,420 USD.
Now would be a good time to possibly consider making a effort to pretend being worried..
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Still above $69,420.
Everything is fine.
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#random
Oh! If you guys are looking for a new PC/PS5 game to play, I'm totally addicted to Helldivers 2. What an incredible team-based game wow!
One of the best team-play shooters I've played since Counterstrike.
The violence and destruction is gratuitous!
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https://www.newsbtc.com/news/bitcoin/drivers-bitcoin-price-crash/Here Are The Drivers Behind The Bitcoin Price Crash To $68,000
Scott Matherson by Scott Matherson April 10, 2024 in Bitcoin Reading Time: 3 mins read
Bitcoin has again experienced a price decline since briefly climbing above the $72,000 mark on April 8. This price dip is believed to be due to a couple of factors, which no doubt present a bearish outlook for the flagship crypto.
Inflation Data Expected To Come In Hot
The March Consumer Price Index (CPI) data is scheduled to be released on April 10. Some market experts predict that the report will show a rise in overall inflation. This could lead to the Federal Reserve taking a hawkish stance on interest rates, negatively impacting Bitcoin’s price and the broader crypto market.
This would explain why Bitcoin’s price has declined lately, as crypto investors remain on the sidelines ahead of the CPI report. However, if the inflation figures come in favorable, this could restore investors’ confidence in the economic situation and provide a much-needed bullish outlook for the crypto market.
Also, considering that January and February’s inflation data exceeded expectations, it is necessary to highlight what last month’s data exceeding expectations could mean in the long term. So far, the Fed has continued to hold interest rates steady at about 5.3%, and there was even optimism at the beginning of the year that there could be rate cuts at some point this year.
However, with inflation continuing to stay well above the Central Bank’s target of 2%, there is a growing feeling that they might be forced to take drastic measures at some point. That is ultimately not good for Bitcoin’s price, especially since different crypto analysts gave bullish predictions partly based on their assumption that there would be several rate cuts this year.
Spot Bitcoin ETFs Are Back In The Red
The Spot Bitcoin ETFs have also contributed to Bitcoin’s recent decline. These investment funds experienced a net outflow on April 8 and 9, leading to a significant Bitcoin dump on the market. Specifically, these outflows came from the Grayscale Bitcoin Trust (GBTC), which recorded an outflow of $303.3 million and $154.9 million on April 8 and 9, respectively.
Meanwhile, the other Spot Bitcoin ETFs have not recorded impressive inflows during this period, which shows their demand has slowed. For context, 6 out of the 10 Spot Bitcoin ETFs (excluding GBTC) recorded zero inflows on April 9, while 5 out of 10 recorded zero inflows on April 8. BlackRock’s iShares Bitcoin Trust (IBIT) also recorded a relatively low inflow of $21.3 million that day.
At the time of writing, Bitcoin is trading at around $69,300, down over 2% in the last 24 hours, according to data from CoinMarketCap.
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Damnit... Another 55 acres of grazing land came up for sale directly south abutting of our homestead... Guess I should do something with this corn... Can't spend it when I'm dead...
Submitted a counter offer earlier today. Cross your fingers for me, gentlemen! Handshake deal for the land this afternoon. Gunna set me back a few pieces of corn, but it's worth it! Super excited! Moar cows nao!!! Close on the deal in 30 days. |
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Damnit... Another 55 acres of grazing land came up for sale directly south abutting of our homestead... Guess I should do something with this corn... Can't spend it when I'm dead...
Submitted a counter offer earlier today. Cross your fingers for me, gentlemen! |
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Hey! You were saving that corn for your nieces and nephews.
Sadly, I have deemed them "not worthy" and am working out setting up a Trust to manage our estate after we croak. They still have time to turn it around, but not really happy with their current life trajectory. Either way, it's not like they won't be taken care of after I'm gone... Put a sell order in at $75k; not in a hurry to part with this corn. Now I wait... |
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Damnit... Another 55 acres of grazing land came up for sale directly south abutting of our homestead... Guess I should do something with this corn... Can't spend it when I'm dead...
Gentlemen.
Also, learning how to operate an excavator is fucking fun, yo.
Thanks, Satoshi!
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Lol Hex. what a joke.
Richard cunt scamming Heart.
I just want to know how that goblin isn't in jail yet. |
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Sorry, I don't buy a story about a limited supply as a cause right now (eventually, after the halving, it will be)...most of this is just feverish speculation, especially in the "other" names.
I'm a Bitcoin #stackchain'er on X. Have been since before Block 500. OTC desks are starting to run out. Stackchainers have been getting DM'd on Twitter asking about selling our corn. It's different this time. |
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What an amazing run so far today! Just... Wow... Up ~$3,000 and the breaks on this train are absolutely wrecked for now!
So this is what supply shock looks like, huh?
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