🚨-8% in a few hours: the rough night of Bitcoin (BTC)

✅Would the queen of cryptocurrencies calm things down after a week of growth? The price of Bitcoin (BTC) plummeted last night, falling -8% in the space of a few hours. An update on what's happening this morning.

🚨The price of Bitcoin (BTC) drops overnight

✅While the price of Bitcoin still exceeded $44,000 last night, it made a sudden plunge, hitting $40,000. In the space of approximately 5 hours, he will have lost -8%:

✅The largest cryptocurrency has since recovered, and this morning is trading at around $42,000. However, it shows more volatility than during the weekend.

✅On the altcoin side, the story is similar. Over the last 24 hours, Ethereum's ETH has fallen by -5%, Ripple's XRP by -6% and Solana's SOL by -5%. Binance BNB delays, with -3%. However, we note that over the year, BTC increased by +145%.

🚨How can we explain this sudden drop?

✅At the end of last week, several analysts noted the state of “overheating” of the market, and predicted an upcoming correction. We therefore see that the price of Bitcoin has returned to a range that emerged over the last week, located between 40,000 and 44,000 dollars.

✅The fall in the price of Bitcoin can have several reasons. On the one hand, unemployment statistics were better than expected in the United States, which slightly reduces the possibility of a reduction in key rates from the Federal Reserve. In return, values ​​like gold and Bitcoin fell.

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