Bitcoin’s price has fallen to $108,890 after a massive whale sell-off of 24,000 BTC. The Fear and Greed Index hovers near fear, while Bitcoin’s hash rate approaches record highs.
Don’t be fooled by the news, the bitcoin price and stock market is stabilizing and natural gas stores are more than full. We may be past the worst days.
August CPI inflation data was worse than expectated and the markets repriced in response. Bitcoin falls more than 10% and the S&P 500 closes down 4.3%.