“Negative PRICE ACTION AROUND The ANNUAL US-BITCOIN CONFERENCE HAS BEEN WELL-DOCUMENTED, BUT IT ALSO APEARS to HAVE APPLIED TO this Week’s Bitcoin Asia Get-Togth.”, – WRITE: www.coindesk.com
The Logic Behind That Price Action Isn’t Hard to Decipher: In The Weeks Leading Up to the Show, Conference Organizers – Looking to Sell Tickets and Generate Media Covers – OverHypeers “Massive” Announcements.
What Follows is the USual Cast of InfluenCers, Bitcoin Ogs and NewComers to the Sector (This Year The Trumps) extract “Freedom Money,” “Massive Institution,” Massive Institution, “Massive Institute and.
How Could the Price Do Anything But Dump?
Bitcoin AsiaFor Those Not Paying Close Attention, Bitcoin Magazine’s Bitcoin Asia Conference Took Place This Week in Hong Kong.
The Featured Speakers Included Eric Trump, Cz, Adam Back, Balaji Srinivasan and David Bailey. Among The Subject Matter Covered – You Guessed It – “Freedom Money,” “Massive Institutional and Sovereign Adoptation,” and “Bitcoin to the Moon.”
The Price Action: Sharply Lower.
AT AT AUND $ 115,000 As Atendees Began Arrving in Hong Kong Earlier This Week, Bitcoin Has Tumbled to the Current $ 108.400. This Included About A 4% Dive Overnight in The Us (Friday in Hong Kong) As David Bailey and Eric Trump Took The Stage for a Chat Titled “Bitcoin Takes Over The World.”
Combined with Firelight, Flare’s resting Layer, The Setup Lets Companies Convert Xrp Into FXRP and ALLOLOCATE IT Across Decentralized Lending, Staking and Liquidity Procols.
- Everything Blockchain Inc. Has Sigrated A Memorandum of Understanding To Adpt Flare’s Xrpfi Framework for Corporate Treasury Yield.
- Flare’s System Aims to Transform Xrp Into A Productive Asset for Institutions Through ITS FASSETS SYSTEM AND FIRELIGHT RESTAKING LAYER.
- The adoption by Two Public Companies, Including Vivopower International, Signals A Shift in How Digital Assets Like Xrp Are Utilized by Institutions.
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