BTCPriceDrop
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BTC market Update
According to Kaiko research on 9 major exchanges, Bitcoin's 1% market depth has dropped significantly from approximately $150 million on August 1, 2024, to $86 million as of Monday morning, August 5, 2024. This represents a decrease of over 40% in market depth.
Concurrently, Bitcoin's price experienced a sharp decline, falling to $49,760, which marks a 10% plus drop in a single day.
This price decrease is part of a broader downward trend in the cryptocurrency market, with Bitcoin losing nearly 20% of its value over the past week.
Another way to resolve this issue, you can start providing liquidity to the market or buy BTC with your cold currency.
#MarketDownturn #CryptoLiquidity #BTCPriceDrop #CryptoTrends
$BTC $ATOM $DOGE
According to Kaiko research on 9 major exchanges, Bitcoin's 1% market depth has dropped significantly from approximately $150 million on August 1, 2024, to $86 million as of Monday morning, August 5, 2024. This represents a decrease of over 40% in market depth.
Concurrently, Bitcoin's price experienced a sharp decline, falling to $49,760, which marks a 10% plus drop in a single day.
This price decrease is part of a broader downward trend in the cryptocurrency market, with Bitcoin losing nearly 20% of its value over the past week.
Another way to resolve this issue, you can start providing liquidity to the market or buy BTC with your cold currency.
#MarketDownturn #CryptoLiquidity #BTCPriceDrop #CryptoTrends
$BTC $ATOM $DOGE
Why did BTC price go down recently?
One of the reasons for BTC's decline is due to 60.2K $BTC , with a value of around $3.54 billion, set to expire on Deribit yesterday (Friday, 30 August 2024).
#BTCPriceDrop #BTCExpiry #CryptoMarketTrends #BitcoinDecline #CryptoNews
$BTC
One of the reasons for BTC's decline is due to 60.2K $BTC , with a value of around $3.54 billion, set to expire on Deribit yesterday (Friday, 30 August 2024).
#BTCPriceDrop #BTCExpiry #CryptoMarketTrends #BitcoinDecline #CryptoNews
$BTC
As Bitcoin dips below $60K, retail investors are hitting the panic button, but not the big players! 😮 Giants like BlackRock just bought $742 million worth of Bitcoin, holding 369,822 BTC, while Metaplanet grabbed 108.99 BTC! 🤑 Why? They see Bitcoin as a hedge against inflation and long-term value. 💡 While some crypto whales are panic-selling, these major institutions are making bold moves. 💪 The smart money knows what's up! Are you in or out? 🚀 #bitcoin☀️ #BlackRock #CryptoInvesting #BTCPriceDrop #CryptoNewsCommunity #SmartMoneyMoves #BTC☀ #CryptoWhales $BTC