$3.25 Trillion Wiped Out From Stock Market, $5.4 Billion Added to Crypto Market, Bull Market Trigger?
- The US stock market sees $3.25 trillion wiped out while $5.4 billion enters crypto.
- Global M2 price pumps signaling BTC will follow after a lag.
- Analysts notice multiple bullish indicators on the BTC price chart marking a reversal soon.
The global financial markets are in a whirlwind and traders are stunned to see $3.25 trillion wiped out from the US stock market while $5.4 billion got added to the crypto market. Showing incredible strength and resilience for crypto it seems that greater interest and liquidity is finally flowing into the crypto sector. This is what is expected to take the prices of Bitcoin and altcoins to new highs in the coming days ahead.
$3.25 Trillion Wiped Out Form the US Stock Market
The US stock market saw a painful liquidation in continuity over the last few days. The latest of these stock market liquidations amounted to $3.25 trillion. Economic and financial experts like Robert Kiyosaki believe the time of boomer wealth is gone and paper cash and paper money like stocks will no longer hold value. He believes that the stock market will collapse and soon all value will flow to real assets like gold, silver, and Bitcoin.
In fact, Robert Kiyosaki expects a recession to come and lead to an even greater Depression that beats the Depression of the old. Therefore, he has been urging everyone to buy real assets and pour their savings into something with real value to further grow their wealth in the years ahead and Bitcoin, gold, and silver are his best examples for real assets. Meanwhile, several other popular analysts expect the price of BTC to pump soon.
$5.4 Bullions Flows Into the Crypto Market
So far, seasoned analysts have shared multiple indicators that could contribute to an exceptional BTC price pump and these include BTC price chart signals and global indicators like the M2 pum p ing . Many expect BTC to follow the M2 pump , which it always does after a like lag. Despite being certain that Bitcoin will recover, one analyst believes at least one more dip down to the $70,000 to $75,000 price will occur for Bitcoin before a recovery begins.
As we can see from the post above, this analyst expects the market to have not bottomed yet and says the bottom is far from having printed. He expects more FUD to take over to finally see a true bottom forming.
In contrast, another analyst sees Bitcoin forming a reversal setup. He explains in his post how BTC is progressing inside a descending broadening wedge and how it is simultaneously building as an inverse head & shoulders pattern. He believes these indicators confirm a breakout and expects a major reversal to print on the BTC price chart.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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