Amidst the frenzy on social media caused by yesterday’s staggering $900 million crypto market crash, one man stands unfazed – the infamous Edward Snowden.
As the crypto market was rocked by a staggering $900 million in liquidation, social media was abuzz with panic. But while others trembled, Edward Snowden stood firm, unshaken by the chaos.
The entire crypto market cap took a hit, plummeting by 5% overnight, with meme coins taking an even bigger blow at 13%. Bitcoin, the king of cryptocurrencies, fell to $65,000, as investors rushed to sell off their assets, causing the daily trading volume to skyrocket to 60%.
And it wasn’t just individuals feeling the heat – even Bitcoin ETFs saw a net outflow of $55 million in a single day.
Despite the widespread panic, computer intelligence consultant and notorious whistleblower, Snowden, has taken to social media to calm the storm. With a brief tweet, Snowden reassured the public that despite the sudden drop in value, Bitcoin’s price remains steady, almost identical to what it was a mere week ago.
The year began with a bang for the world’s biggest cryptocurrency, soaring from $42,000 to $50,000 in just a matter of weeks. But that was just the beginning. By February, BTC had reached an all-time high of $73,000, sending shockwaves through the market.
Exclusive: TON reaches top 10, ADA pro-XRP advocate Bill Morgan criticized Cardano
VC crypto investments surge as markets surge, reaching $2.5 billion in Q1
Experts warn that Bitcoin price will decline if BTC repeats this pattern
And while some may have been skeptical of this meteoric rise, whistleblower Edward Snowden remains confident in Bitcoin’s potential. In fact, the fear and greed index for BTC is still in the “Greed” zone, indicating a strong demand for the digital currency.
However, not all coins have been immune to the recent volatility. In a surprising turn of events, major altcoins such as Solana, XRP, and Avalanche have seen a dip of nearly 10% since yesterday, leaving investors on edge.