Bitcoin was sailing higher on Wednesday when suddenly there was a strong pullback. News of Mt Gox and the US Government moving their BTC caused panic selling.
A topsy-turvy day
The day had gone well as Microsoft earnings came in much better than the market had expected. The Nasdaq had risen on the news and this possibly helped the bitcoin price to rise strongly around the middle of the day.
The price touched $30,000 and then started to take a breather and go sideways for several hours. However, around 8pm BST the price dropped fairly dramatically, plunging nearly 7% over the next hour down to $27,700.
The BTC price continued to fall, and got right down to strong support at around $27,250 before bouncing robustly back above $28,000. Since then the price has recovered to hover at $29,000. What caused this seesaw action?
What caused the seesaw price action?
It appears that what caused all the initial panic was a tweet from the db Twitter account stating that an Arkham Alert had triggered,
We współpracy z: https://cryptodaily.co.uk/2023/04/what-happened-to-the-bitcoin-price
