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Market Wipeout and Bitcoin Resilience
This chapter explores the recent massive liquidations in the cryptocurrency market, especially Bitcoin and Ethereum, as nearly a billion dollars vanished in a day due to extended leverage. It highlights the implications of government actions and potential legislative changes on Bitcoin's future, while examining its volatility and correlation with the stock market. Lastly, the discussion touches on the potential for a new administration to prioritize a Bitcoin strategic reserve amidst the evolving landscape of crypto adoption.