Bitcoin dropped by 1.16% very quickly, making people panic and sell their Bitcoin. This sudden drop happened because some bad economic news came out in the US. The news showed that more people are out of work than expected, and there might be big losses in US banks. This made investors worried about the economy, so they sold their Bitcoin fast. Bitcoin's value went down to $68,718.89, causing a lot of trading activity as people tried to sell quickly. Bitcoin is the biggest cryptocurrency and lost some of its value, which reflects how shaky the overall market is. This event reminds us that cryptocurrencies can change a lot, especially when there's bad news about the economy. Despite the drop, Bitcoin is still a major player in the market. This shows how important it is to keep up with the news, especially when dealing with cryptocurrencies. The information comes from CoinMarketCap, but it's important to remember it's just for reference and might not be completely accurate.
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