$BTC Quick Update
In the past 24 hours, Bitcoin's price plunged below $50,000, wiping out profitability for 18% of investors. Now, only 75% of Bitcoin holders are in profit, down from 93% just a few days ago. The crash is due to broader economic uncertainties, including fears of inflation and interest rate hikes.
Market reactions are mixed; some investors are panic selling, while others see a buying opportunity, causing the price to slightly rise to approximately $54k+.
📈📈 Volume of the BLACKROCK Spot Bitcoin ETF IBIT rose to $2.2 billion, a 4-month high.
