[URGENT] Bitcoin is About to Do This...

Market Overview

The US market is closed due to the celebration of President Carter's passing, but most jobs and schools are open. Bitcoin is showing weakness, currently at $92,500, after touching $91,700.

Factors Affecting the Market

• The US government has been allowed to sell 69,000 Bitcoin, worth approximately $6.5 billion, which is causing fear, uncertainty, and doubt (FUD) in the market.
• Fed presidents and governors are speaking about the economy, which may lead to more volatility.
• Wall Street is panicked due to economic data and potential rate cuts, leading to a significant outflow from ETFs.

Bitcoin and Altcoins

• Bitcoin has seen this level before, specifically in December, and tends to bounce back from it.
• Altcoins like XRP, Solana, and Cardano are also experiencing dips but are still holding gains from previous weeks.
• Some altcoins are performing well, despite the current market conditions.

Global Adoption

• Hong Kong is accelerating blockchain adoption and has already allowed ETFs.
• China is eyeing the US and may be building a strategic reserve, having secretly allowed Bitcoin mining to continue.
• Russia is also adopting crypto, indicating a global increase in adoption.

Q&A Session

• Discussions on various topics including Pith, Chainlink, Algorand, Cardano, and Layer Zero.
• Questions about potential price movements for specific coins, like Avax reaching $500.
• Personal preferences and opinions on cars, food, and fitness.

Conclusion

• The market is experiencing volatility due to FUD and economic factors.
• It's essential to stay calm, not panic sell, and consider buying the dip.
• Global adoption of crypto is increasing, which is a positive sign for the future.