Bitcoin (BTC) flash crashes on the Securities and Exchange Commission putting the brakes on the mad rush of applications for Exchange Traded BTCs by a slew of brokerage firms.

This Bitcoin (BTC) flash crash was rather amusing in light of the March 2023 Silicon Valley Bank bankruptcy which was essentially a bailout of the tech sector that in turn was a bailout of crypto, thus ending the so-called Crypto Winter.   With growth/speculation stocks now bid ala the NASDAQ that has moved out its bear market.   This has everything to do with the Fed's balance sheet expansion ala bad debts of commercial and investment banks, which have returned billions back into speculative trades.  All in anticipation that the Fed will cut rates or pause in 2023.  Which they won't.  Reason? No U.S., recession, instead inflation has drawn up the GDP to 2%.  So, the inflation problem has not abated that much, as long as the oil price remains at bid over $70 and full employment.  Also, it should be noted that the Natural gas price, which has been artificially suppressed by global price caps/massive surpluses, may spring back to life in 2024.     

Friday's 30th 2023 June 'Flash Crash' BTC dropped 2125 points in seconds.  Falling from its highs of 31730 to lows of 29605.  Now bid over 30K.

Up to the Federal Reserve to hammer down speculation, once again.

Is the BTC dramatic selloff a warning shot towards the NASDAQ?