What’s happening to Bitcoin?
Only a week ago, the leading crypto was trading above $98K. Now, it’s hovering right around $80K, down 18% in seven days.
Unlike other major crashes it’s hard to pinpoint an exact cause of the panic. The last time the Fear & Greed index was this low, it was the Terra/Luna crash; a clear case of a single, shocking event that had major negative ramifications.
That’s not the case now. The Bybit hack was major; the largest crypto hack ever. But the response initially was muted, and if it’s the hack that’s causing the massive selloff now, it’s more due to the added liquidity, rather than the event itself.
Bitcoin’s Dump Not Solely a Hack Issue but Remains Poised for 2x in 2025
The situation becomes even more confusing when you look at the broader market.
Macro factors remain positive. U.S. President Trump’s ongoing reshaping of the regulatory environment continues apace, with the news that the SEC just completely dropped an enforcement action against Coinbase. In its decision, the agency actually went so far as to expressly indicate that it was going to ‘rectify its approach’ to crypto regulation:
‘The Commission’s decision to exercise its discretion and dismiss this pending enforcement action rests on its judgment that the dismissal will facilitate the Commission’s ongoing efforts to reform and renew its regulatory approach to the crypto industry’
– SEC Announces Dismissal of Civil Enforcement Action Against Coinbase
That removes a major obstacle to crypto’s adoption in the US.
So why the doom and gloom?
It could be simple supply and demand. The recent Bybit hack siphoned huge amounts of $ETH out of the exchange, and the hackers have begun swapping $ETH for $BTC to the tune of roughly $480M.
But since the long-term outlook remains positive, the dip might be the perfect buying opportunity to unlock $BTC gains and BTC Bull’s potential.
BTC Bull – First Meme Coin Built for Bitcoin’s Success
$BTCBULL provides not one, not two, but three ways to profit.
The first is the price increase of the Ethereum-based $BTCBULL token. As the project powers through its presale with $2.9M raised so far, investors have the chance to get in at low prices – potentially the lowest prices ever for the token (currently $0.002385).
The second is through $BTCBULL staking. Right now, buying and staking $BTCBULL during the presale offers returns of 146% PA, disbursed over 2 years after the token launches.
Last but not least, $BTCBULL holders will be eligible for $BTC airdrops whenever Bitcoin’s price reaches key indicators.
At $150K and $250K, BTC Bull holders using the Best Wallet app will receive BTC airdropped directly into their wallets.
BTC Bull isn’t just riding BTC’s coattails. By incorporating regular $BTCBULL token burns, the project aims to control liquidity and reward hodlers. Staking rewards come over the course of two years, providing further incentive for long-term ecosystem growth for the BTC Bull token.
$BTC’s record as one of the world’s best-performing asset class, with an average annual return of 230%, is ripe for the memecoin treatment. BTC Bull’s current presale success also positions it on a short list of the best crypto presales to invest in right now.
Unleash the BTC Bull Potential in 2025
Yes, $BTC is down right now.
But at this point last year, $BTC traded around $61K. It’s still up – way up – from previous levels.
Bybit may have flooded the market, but Bitcoin is down – not out.
And when it comes back, $BTCBULL is ready to rise with it.
Of course, make your own decisions, based off your own research; you can look more into how to buy BTC Bull here. None of this is financial advice, and the crypto market is always volatile.
Just remember that Bitcoin’s gains tend to transfer to other tokens also. And now, for the first time, there’s a Bitcoin-focused memecoin, BTC Bull, poised to move in lock-step with the OG crypto.
