The overall crypto market cap has fallen by nearly 5% since yesterday, and the meme coin market has fallen by 13%. However, Snowden — a computer intelligence consultant and whistleblower famous for leaking classified information from the National Security Agency — took to social media to dismiss this panic.
Bitcoin has shown notable volatility whenever ETFs have experienced a net outflow. The largest cryptocurrency started this year at $42,000 and rallied to $50,000 in February.
In March, BTC hit a new all-time high at $73,000.
