I perceive with rising rates of interest and incoming recession how that lowered the value. However the FTX scandal. Certainly realizing billions of cash invested in Bitcoin which has now disappeared and by no means really was in Bitcoin, would imply there are individuals on the market desirous to put money into the actual factor, and with elevated demand now it’s going to if something improve the value.
Why did it fall if numerous cash vanished, that was by no means really in BTC within the first place?
I imply, for the value to decrease there have to be promoting stress however who would really promote now? Certainly any true BTC believer is shopping for now, not promoting at a low worth.