What Happened To Bitcoin ⚡️ 26.04.2023

By Beyond The Blocks | Beyond The Blocks | 26 Apr 2023

On 26th April Crypto Market experienced very bullish and very bearish Bitcoin price movement.

What caused it?

First Republic Bank

At 4 PM CEST time, when information about First Republic Bank being halted brought another fear about stability of banking sector. The information mirrored in BTC price rising.

A big sell off

As ArkhamIntel stated, around 8 PM CEST time there were spotted large moves from seized MT. Gox wallet.

What's now?

After the drop we witness signs of recovery, but these are mostly backed by perpetual contracts.

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Resources

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Beyond The Blocks

Ahead of events. Global and macro blockchain futurism. Describing what is. Explaining what's coming.

Beyond The Blocks

Beyond The Blocks - your unbiased, de-noised source of information from global markets. Ahead of events. We're working with industry professionals and focus on what is the most important from global society to technology and economic sectors. Global and macro futurism. We focus beyond market and media noise on what really matters. Explaining what's coming. Covering topics: CBDC, Bitcoin, DeFi, Cryptocurrency, Blockchain, Web3.