$GPS
Big melon! Bitcoin has hit the 60,000 dollar mark, and rumors are circulating that the White House is buying the dip. How much mystery is hidden behind this rebound?
Did a mysterious buyer appear at the 60,000 dollar mark for Bitcoin? The insider information about the White House buying the dip has set the crypto world ablaze! Last week, Bitcoin experienced an epic sell-off, plummeting 22% from $77,370 to $60,074, fueled by panic from the sell-off of tech stocks and the withdrawal of funds from precious metals, compounded by the Treasury Secretary's statement that there would be no rescue for Bitcoin, which sent market sentiment to freezing point. The Democratic Party further pointed fingers at Trump's failed crypto strategy.
Just as the market fell into despair, the well-known American financial host Jim Cramer revealed a bombshell: the White House decisively increased its holdings while Bitcoin was at the low of 60,000 dollars, and Trump even set a strategy to 'fill the Bitcoin reserves when it drops to 60,000 dollars'! Although the leak has no solid evidence yet, it has gone viral on the X platform, with major crypto platforms like Kalshi sharing it, and insiders are calling it 'crazy'.
This news has become a tonic for the market, causing Bitcoin to rebound above 70,000 dollars, with American investors returning to the market. Analysts interpret this rebound as a short-covering after being oversold, with the fear and greed index falling to a very low level of 5, while the warming of Asian stock markets has also repaired market panic. The previous sharp drop in Bitcoin was directly related to the leverage reduction caused by the stock market crash. However, some still believe that Bitcoin has entered a bear market, and this round of rebound is just a temporary technical correction.
Do you think the White House really acted to buy the dip on Bitcoin? Is the rebound of Bitcoin to 70,000 dollars a fleeting moment in a bear market or the starting point of a new round of market conditions?
