Caleb Franzen: Bitcoin rallies 30% then drops 68% after war-driven surge

Caleb Franzen: Bitcoin rallies 30% then drops 68% after war-driven surge
Bitcoin rallies then plunges

Bitcoin experienced a significant rally of 30 percent at the onset of the Russia-Ukraine War, reigniting enthusiasm among bullish investors.

However, Caleb Franzen cautions that after this surge, Bitcoin subsequently declined by 68 percent, despite initial optimism that negative news had already been priced in. The episode highlights the volatility in the cryptocurrency market and the potential risks of premature bullish sentiment following major geopolitical events.

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