Bitcoin jumps up only to fall again?
(https://de.cointelegraph.com/news/javier-milei-wins-argentina-presidential-election)
Bitcoin (BTC) / US Dollar (USD) temporarily rose above $70,000 yesterday, on US holiday (“Memorial Day”). There were signs that Argentina might follow El Salvador's model and declare it a legal tender. This would be entirely thanks to the new government led by President Javier Milei.
In contrast, the price this morning is around $67,000. It is rather atypical, as cryptocurrencies have recently appeared rather clearly in Asian trading. But of course there is a reason for that too. because the “crypto exchange” MtGox, which went bankrupt years ago, has started paying out/repaying its customers. As a result, 107,000 Bitcoins worth around seven billion US dollars were initially distributed via the blockchain.
Speculation drove the price yesterday, facts caused it to come back a bit today; where facts are relative. Because MtGox will finally pay out those who were once damaged. But that doesn't mean that they sell their Bitcoins on a large scale.
(CoinMarketCap.com)
On the Bitcoin chart you can see what happened yesterday and what happened today. The chart looks good. I say BUY THE DIP 😀😀
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