$BTC DID NOT HOLD its role as a protective asset in the first days.
And dropped from weekly highs of $76K to levels around $65-67K. $ETH Also Drop Hardly.
The total liquidations EXCEEDED $240M IN 24 HOURS.
Over $30 BILLION evaporaed in just 60 minutes.
JUST IMAGINE. 30 BILLION US DOLLARS.
Institutions began selling #BTC to cover margin requirements in other sectors.
$XAU GOLD shows explosive growth of +20% in 48 HOURS.
The reason is simple:
The backdrop of falling stock markets and crypto.
Central banks, ESPECIALLY in Asia and the East, doubled their gold purchases. DYOR→NFA
#US-IranTalks #TrumpSaysIranWarHasBeenWon #Trump's48HourUltimatumNearsEnd #CZCallsBitcoinAHardAsset