Here’s Why the Bitcoin Price Crashed by 5.60% Today
Bitcoin Price Down Today
Bitcoin, the reigning champion of cryptocurrencies, has shaken the entire crypto realm by witnessing a significant price plummet of 5.60%, landing at $66,000. This sudden dive has left investors and enthusiasts alike scratching their heads, seeking answers behind this startling decline.
The ripple effect of Bitcoin’s decline was felt across the crypto sphere, with other major cryptocurrencies like Ethereum also witnessing a downturn, trading at lows of $3,320.
What Caused the Bitcoin Crash?
Liquidations and Turmoil
The primary driver behind this swift decline appears to be widespread liquidations, notably on major exchanges like Binance. A staggering 121,325 traders faced liquidation within the last 24 hours, collectively losing a whopping $395.10 million.
Published By
Mustafa Mulla
APRIL 2, 2024
