Ivanka Becomes an Assassination Target, Bitcoin Takes a Nosedive

Bitcoin dropped below 75,000 last night, hitting a low of 74,300. In the past 24 hours, $945 million in liquidations occurred, with over 160,000 people wiped out. The bad news isn’t economic data—it’s a bullet aimed at Trump’s daughter. An Iraqi man trained by the Iranian Revolutionary Guard has been accused of plotting to assassinate Ivanka Trump. He was found with blueprints of Ivanka’s mansion and declared, “Trump burned our house, so we’ll burn his.” Trump has canceled his weekend plans and returned to the White House. Unless there’s a last-minute breakthrough in negotiations, he’s seriously considering a military strike on Iran. Bitcoin plunged from 78,000 to 74,300, with $945 million liquidated. The total crypto market cap evaporated by 3% in 24 hours. Bitcoin was already in a precarious position, stuck in the 5th wave of a weekly downtrend. A panic of the magnitude of “a U.S. president’s family being added to an assassination list” is enough to send shockwaves through financial markets and trigger wild Bitcoin price swings! The financial market panic caused by Ivanka being targeted by the Iranian Revolutionary Guard has acted as a catalyst for Bitcoin’s accelerated drop—this is the external factor. The internal factor is that Bitcoin’s dead cat bounce has ended, and the 5th wave downtrend has begun. Bitcoin has proven to be a “risk asset,” not “digital gold.” Its correlation with U.S. stocks is far higher than with gold. What goes around comes around! In the end, debts must be repaid. Bitcoin is no exception—it rises and falls in cycles. After a big rally, a drop is inevitable. #Bitcoin #BTC #IvankaAssassinationPlot #USIranTensions #5thWaveBegins