Edward Snowden is not worried about Bitcoin prices dropping 

2 Min Read

With seen panic on social media after yesterday’s $900 million liquidation throughout the crypto market, Edward Snowden stays unfazed.

The general crypto market cap has fallen by almost 5% since yesterday, and the meme coin market has fallen by 13%.

Bitcoin dropped to $65,000, with each day buying and selling quantity hovering to 60%, indicating a wider sell-off from buyers. Bitcoin ETFs additionally noticed a internet outflow of $55 million yesterday. 

Nevertheless, Snowden — a pc intelligence marketing consultant and whistleblower well-known for leaking categorized data from the Nationwide Safety Company — took to social media to dismiss this panic.

In a brief tweet, Snowden emphasised that regardless of the in a single day liquidation, Bitcoin’s value is sort of the identical because it was per week in the past. 

Bitcoin has proven notable volatility each time ETFs have skilled a internet outflow. Nevertheless, the month-to-month value of BTC has remained considerably bullish all through this yr.

The most important cryptocurrency began this yr at $42,000 and rallied to $50,000 in February. In March, BTC hit a brand new all-time excessive at $73,000. 

Snowden’s optimism is well-founded as Bitcoin’s fear and greed index nonetheless sits at ‘Greed’, regardless of yesterday’s sharp liquidation.

Nevertheless, the altcoin market recorded the most important losses, as main tokens like Solana, XRP, and Avalanche have dipped almost 10% since yesterday. 

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