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Stock impact report

Crypto Daybook Americas: Bitcoin's Bloodbath — Buy the Dip or Panic? [Yahoo! Finance]

Bit Digital, Inc. - Ordinary Share (BTBT) 
Company Research Source: Yahoo! Finance
Do you "buy when there is blood in the streets"? Or perhaps "don't catch a falling knife."? Which applies in today's market, the day after the largest cryptocurrency posted its steepest three-day decline since the collapse of FTX in 2022? The drop left BTC 25% below January's all-time high, despite the advent of President Donald Trump's pro-crypto administration. It's no surprise the largest hack in crypto history has shaken investor sentiment. Add to that the memecoin frenzy , which pulled liquidity out of the broader market. That said, in previous cycles so-called bull-market corrections have sent bitcoin tumbling as much as 35%. Given that BTC hasn't had a meaningful pullback since the yen carry trade unwind last August, the current situation is almost normal. CoinDesk research showed that bitcoin was trading in an extremely tight range for a meaningful period, and a break in the channel was inevitable. On-chain data tells us that bitcoin recently bounced off its 200-day-m Show less Read more
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