Galaxy Digital’s Bold Bet Upends the Crypto Landscape
A Shockwave in Bitcoin’s Ecosystem
In a move that sent shockwaves through the digital financial world, Galaxy Digital orchestrated a staggering liquidation of $500 million in Bitcoin this past July, throwing the cryptocurrency market into disarray. Bitcoin’s value took a nosedive, plummeting beneath $114,600 and unearthing a year of uncharacteristic volatility. Analysts and traders were left reeling, with the Relative Strength Index (RSI) plummeting to a shocking 6 out of 100. This radical upheaval didn’t just rattle Bitcoin; it reverberated through major altcoins like Ethereum (ETH), XRP, and Solana (SOL), gilding an atmosphere thick with apprehension.
The Ghosts of Satoshi Return
Adding fuel to the already roaring fire, an ancient…
