Bitcoin

In a market driven by narratives, such historical revelations can subtly reinforce the 'store of value' narrative for Bitcoin, as it highlights the ancient human tendency to imbue objects and rituals with significance beyond utility. However, with BTC dominance high and altcoins underperforming, capital remains concentrated in the leading crypto asset.

Archaeological evidence suggests human sacrifice accompanied royal burials at Abydos in ancient Egypt around 5,000 years ago.

Ancient Royal Tombs at Abydos Point to Human Sacrifice 5,000 Years Ago

Ancient Human Sacrifice at Abydos Reveals Bitcoin's 'Greed' Phase Is a Modern Ritual Sacrifice of Retail Traders

As traditional markets show greed (Fear & Greed at 70) and BTC dominance remains high, any non-crypto news is noise. However, the study of ancient collapse and sacrifice can metaphorically remind investors of the risks of centralized power and the value of decentralized assets.

Modern forensic analysis indicates that First Dynasty royal tombs in ancient Egypt contained human sacrifices, with many officials and artisans buried simultaneously alongside the king.