Bitcoin

<ul><li>Bitcoin experienced a sharp price drop in the early hours of the day.</li><li>An expert analyst says this drop is just a correction.</li></ul>Bitcoin price fell sharply to $29,000 today. Although there is no fundamental reason for this, it is considered to be just a correction.<h2 id="header-0">Reasons for Bitcoin’s Drop!</h2>Bitcoin price dropped from over $30,000 to $29,032 in the morning hours today. The initial 3.5% drop occurred in just 20 minutes.Although there is no fundamental reason for the sale, currently two factors stand out for the sudden price drop. These are the large sale of 16,000 BTC worth approximately $467 million on Binance and the subsequent wave of liquidation.According to data, 16,000 Bitcoin was sold on the Binance spot market, while “quite typical” amounts were sold on other spot exchanges. This selling pressure is being interpreted as “interesting” by the community.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/742975a5c41c435ead81d5b8baa731d0.png" />Bitcoin Spot Sale AmountsContinue Reading: <a href="https://en.coinotag.com/why-is-bitcoin-falling-will-the-decline-continue/" rel="noopener noreferrer nofollow">https://en.coinotag.com/why-is-bitcoin-falling-will-the-decline-continue/</a>

Why is Bitcoin Falling? Will the Decline Continue?

Table of Contents

CO NEWS

Outros artigos publicados em 19 de abr. de 2023

Aptos Ecosystem and Price Overview (2023)

One Step Towards the Future of Gaming: Creo Engine White Paper 2.0 & Roadmap Update

Hong Kong High Court recognizes cryptocurrency as property for the first time

$160 Million Long Positions Liquidated in Minutes as Bitcoin Crashes Below $29K

Bybit Opens Dubai Headquarters, Crypto Daily TV 19/4/2023

Do Kwon Loses SEC Battle to Conceal Singapore Records

Join our free newsletter for daily crypto updates!