Bitcoin dropped to $89k and shot up to $97k the next day Is it possible to see this again?

So, if you were keeping an eye on your bitcoin and crypto investments yesterday, you probably noticed a pretty wild ride with a big drop followed by a sharp rebound of almost $8,000 in less than 24 hours. Here's my take on what might've caused that crazy movement: apparently, Meta has been advised to invest in bitcoin as a hedge against inflation. They’re suggesting that the company put a chunk of its $72 billion in liquid assets into bitcoin. That's a huge sum coming from a tech giant whose CEO has recently expressed doubts about Apple's future in an interview. Just the fact that the board is even talking about investing this much in bitcoin is bound to get the whole bitcoin market buzzing. Check out the full article here.

That was not the reason bitcoin price increased from $89000 back to $97000. That was just how the market was at the time and I think there was consolidation at the price as you can also see a very sharp drop if you set the candles to 15 minutes. Also we have seen this news that you talked about a day or many hours before that happened. In fact the market was falling significantly after the news. Also not that Meta is allocating a portion of its $72 billion in liquid assets into bitcoin but there shareholders needs to vote for it. How about the time of Microsoft but that was not accepted with their stakeholders vote which pointed to no.

The news could have contributed to the pump for sure. Unlike Bill Gates who said he thinks crypto is a Ponzi, Zuckerberg has made positive comments about bitcoin before and owns bitcoin himself. He attempted to create a stablecoin called Diem but was threatened by Biden regulators so ended the project. Another big difference, Zuckerberg owns a controlling interest in Meta and holds 60% voting power, so his vote alone could be enough to have it pass. So it seems to me it has a decent chance of passing, especially with a much more favorable regulatory environment under Trump.

Can you with proof tell us why you think that was the reason because their were other events happening and other speculator could also easily attribute the fall and rise to another event. I think all this should just stop, there is really no reason to give out speculation as facts, you can actually keep it to yourself and remember that the market is always volatile.

Afterall they have not invested or accepted top invest in bitcoin, so i want to believe this is just a mere coincidence or probably a decision to be later taken by them, bitcoin recently have been this volatile and we just experience the fake-out that made it go below $90,000 this time to $89,000 and then surge back, this shows a very high in support level and we may not really have more of bear than we should expect for the bull anytime from now, just as we all know, few days to the election day and there could be anything more impressive to come in later regarding the pump for all time high of the month.

"Liquid" which means to say that if ever this becomes a reality the majority of the board from Meta votes for approval, they can dump it at any time as they wish. I'm already thinking of them dumping it wherein they haven't voted yet and it's not yet final. Meanwhile, MSTR is just chill: Michael Saylor’s MicroStrategy buys another 2,530 Bitcoin worth $243 million

The market fell because it was chasing liquidity at the bottom and not excluding manipulation. I always knew that the weeks before Trump inauguration would be volatile and we are seeing it now.

I don't know how true is this, because if this news was already among a group of people very active in the market then I am from them because I already saw this news days ago before this dump and they said the board's member have proposed this while the Meta company has $72 billion dollars in cash which means they can at least invest 2% or %5 I am sure if they would have approved the proposal, this would be the allocation. Well, they still not accepted this proposal and I still really don't know what was the reason to this dip as I did not had time for the last two days due to work, I will just spend some time here to find out instead of going to google and read many article hehe. Well, the reason to dip is unkown but the reason to pump can be many people had funds in cash (that's a fortune) and they found BTC that cheap they picked it quickly without any other thought.

The reason for volatility (read: falling or rising prices) is: bitcoin is a free global market, operating 24 hours a day, 7 days a week, without bureaucracy and with total freedom to allocate capital whenever and wherever you want. It has nothing to do with news or other things, it is the nature of the free global market flowing naturally.

This sharp drop and recovery isn't a surprise thing to me because there was a thread here I did talk about why Bitcoin will dip below 90k, Technically there was a massive liquidity that the price needed to mitigate before starting off its move back up and that's exactly what the market did yesterday and today, and now having the price done what I expected of it to do, I'm very confident about the price finding its way back up in this coming weeks and months to possibly reach a price of 120k and equally be eyeing $150k price mark between the month of February and March.

While a lot of sentiments might follow this intuition of the news having to affect the market in a much positive way, I can’t say for sure that it was this news but, I understand the fact that, news such as these could influence investors decision. Even though it never stated that the whole $72 billion would be invested in Bitcoin but just a portion of it, if the shareholders could come to an agreement, it’s enough to cause a positive shift on the market. I was surprised where I saw price today in contrast to where I left it yesterday. Bitcoin could always do that to the much of my delight anyway.

It is not intended to say that because this is the cause of the price back up again after the price dropped below $90K. If anyone asks me back what makes the price go back up, I also can't give an exact answer what is the cause. I try to think that it is the cause of price increases with the assumption that it is positive news. In every positive news to Bitcoin, the impact on the increase can occur. I have observed some moments behind the price increase. If the FUD is hard distributed, the negative effect on the price also occurs. I confirmed that what was meant by the contents of this request was because Bitcoin was a hedge for inflation that would occur.

This kind of news can easily trigger speculation thus I think that this announcement by Meta made a contribution to why Bitcoin recovers after dipping to $89k. The recent Bitcoin price movement indicates that there is someone cashed out led to the market dip of $89k but more investors see this dip as a window to reinvest or put more money in order to take profit during this bull run thus enabling the market to recover instantly.

You've just managed to explain half of it, which is the part why it came back up after the Meta news, but why would it dump in the first place? I'll answer that for you. Probably leveraged traders getting their asses handed to them twice in a row, first when they went long at $99k, then switched to shorting bitcoin at 90k and got liquidated again. It's a hard job being a stock gambler.

The crypto market is an open market that can be accessed at any time 24/7, so at any time the market capitalization can increase or decrease. I can believe if you talking about small cap altcoins, but this is Bitcoin. So, That's not the reason why Bitcoin price drastically surged in my opinion. Rumors or news like that only have an impact, regardless of whether the positive impact is big or small.

There was no other news during this time concerning bitcoin that could of contributed to this sudden surge in price. So you are going to tell me a $8000 upswing is normal for bitcoin within a day of trading?Can you tell me with what I responded to the above reply whenever bitcoin had a sudden swift of such an amount before in it's history within a 24 hour time frame? And sure there will always be other events going on around the world that can be contributing to alot of different factors involved such as wars, economic and social strife that can impact all and every market. But we are concerned about only one being discussed and that is bitcoin. If a huge corporation who is competing with the likes of the platform now known as X and wanting to rival it's dominance in the social media era with it's own called Threads, announces they want to invest in one particular asset called bitcoin at the tone of $72 billion. Wouldn't you say that would influence the market? If you say no and can not see what is going on there, you are simply blind to the main fact of the market's true meaning then.

It's only one man though, as far as I know from another thread - but the news is indeed bullish. Meta is onto something if they would conclude a positive outcome from this offer. They would be able to take a bit of the lead for themselves.

Forget whatever you think you know. 1. Manipulation is ongoing, until Trump seize the President's sit. 2. Past history shows that this type of scenario happens on every past January before a new president takes over. Presently my chart is showing upside strength in the coming days so nothing to worry about.

This is a proposal only. Or isit a confirmed news. If this comes out true, it can have a very positive impact on prices. Not only directly , it will increase the demand of Bitcoin but other companies also follow Facebook and this they will also do the same. It will create a very friendly environment for growth of Bitcoin.

Maybe you are right. And those who would hold long enough wouldn't need to worry at any case, even if the price would drop to 79k. But who is manipulating here, in your opinion?