The cryptocurrency market is extremely volatile these days, and there is a lot of news coming for Bitcoin that could drive the price down to $60,000 or even $55,000.

We see that the crypto market has once again collapsed from 70,000 to 64,000 in the last two days

I read that the US government sold 30,000 bitcoins yesterday evening.

There was a FUD created that hit the market, claiming that US securities authorities sold more than 30,000 Bitcoin at once, which is the primary reason for the market's decline.

This massive transaction occurred on the Coinbase cryptocurrency exchange, and the reason is still unknown.

The United States government is unsure whether to hold or sell Bitcoin. I don't know what they want or what they're afraid of.

Regardless, the market remains strong following the sale of such a large amount of Bitcoin. There was no hype, and users were not panicked into selling their coins.

I've noticed that investors are either holding their coins or buying them whenever they dip. This is because the bull run will be much stronger this time, and experts believe that the price of Bitcoin will reach a new all-time high of $100,000.

My only concern is what happens if black black rocks start selling Bitcoin. This will undoubtedly have a significant impact on the price of Bitcoin.

BlackRock currently holds approximately 254K Bitcoin on Coinbase.

What worries me is that if the US government is selling its coins, why is BlackRock holding them? If BlackRock starts selling, I believe the price will fall even lower, possibly to $25,000. This is the news I wanted to share with you.

I hope you find this post interesting and I hope you will like it. If you like the post, please leave feedback in the comments section so that the next one will be even better. Thank you for sticking with me until the end.

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REMEMBER: We should prepare for the unexpected and hope for the best. Life may not be easy, but you must do your best and leave the rest to God.

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