$BTC The price of Bitcoin crashed on June 14, 2024, due to a combination of factors, including:
1. FTX collapse aftermath: The fallout from the FTX exchange's collapse in 2022 continued to affect the market.
2. Liquidity crisis: A lack of liquidity in the market made it difficult for traders to buy or sell Bitcoin, leading to a sharp price drop.
3. Market sentiment: Investor sentiment turned bearish, leading to a wave of sell-offs.
4. Regulatory uncertainty: Concerns about increased regulatory scrutiny and potential legal challenges added to the market's volatility.
5. Technical analysis: Bitcoin's price had been approaching a key resistance level, and the failure to break through it led to a sharp correction.
These factors combined to create a perfect storm that led to the price crash on June 14, 2024.
