Hello Crypto Friends,
It’s been a wild ride – up and down, up and down, but mostly down. So, what’s happening? It’s not the news driving the markets; it’s the markets making the news. Right now, AI tech stocks are on fire. Tesla is finally making a strong comeback and seems to be moving back into bull territory. 🚀
Everything else? Totally boring. Crypto is tanking, and nobody really knows why. Enter the news: the German government is dumping some seized Bitcoin onto the market, and the Mt. Gox trustee is set to repay creditors after more than 10 years. Many expect these creditors to sell their Bitcoin for a profit, which might put pressure on Bitcoin’s price. But why is the entire crypto market, especially Ethereum, also plummeting? Doesn’t quite add up. 🤔
That’s the stock market for you. And the fact that all this started rolling on Independence Day… weird, right? If you invested in Bitcoin a year ago, you’d still be up 89%. If you invested two years ago, you’d be up 184%. But those who invested three years ago are only up 66%. So, it’s understandable why some investors are feeling the pain. 😓
Oh, by the way, Germany got knocked out of the UEFA European Championship by Spain. Such a bummer – it was a beautiful game between two outstanding teams. My bet is on Spain to win the championship. Next up, the Olympics in France. Can’t wait! 🥳
Have a fabulous weekend.
Hugs,
Annika 💋
Remember to read the disclaimer available at the footer bottom by its link.
Annika Lee, has always been a trendsetter and a digital pioneer. After years of influencing the fashion and beauty industry and connecting with fans through live streaming, Annika felt the pull of the crypto revolution. Now, as the artist behind XtremCryptoBabe, she’s here to guide both newbies and seasoned crypto enthusiasts through the ever-evolving world of blockchain, and decentralized finance.
