BTC Flash Crash: Panic Selling Spurred by Massive selling of Bitcoin by Whales!

Bitcoin (BTC), the leading cryptocurrency by market cap, is experiencing a significant downturn today, dropping by 3.71%.

This decline underscores a continuing trend of lower lows, indicating persistent selling pressure and profit booking among investors.

The current trading data reveals a dramatic scene with BTC falling by 3.73% to a price of $66,834.94.

This price action suggests that Bitcoin is under considerable bearish influence, potentially heralding a larger crash on the horizon.

Traders on major exchanges, like Binance, are witnessing these fluctuations firsthand, which CoinMarketCap data highlights for informational purposes only.

It's important to note that these figures are provided "as is," without any warranties, emphasizing the inherent risks involved in cryptocurrency trading.

Ranked as the top cryptocurrency, Bitcoin boasts a market cap of $1.32 trillion, approximately ₹110.58 trillion, with a fully diluted market cap of $1.41 trillion, around ₹117.81 trillion.

Despite its dominance at 54.07%, the circulation supply of 19.71 million BTC out of a max supply of 21 million BTC reflects a market in flux since its inception on November 1, 2008.

Historically, Bitcoin reached an all-time high of $73,750.0739 on March 14, 2024, showcasing its volatility.

Conversely, it once traded as low as $0.04864654 on July 15, 2010. This drastic contrast underscores the unpredictable nature of cryptocurrency markets.

Investors should heed this risk warning and remain cautious. As Bitcoin continues to navigate these turbulent waters, the crypto community watches closely, aware that each new low could signal further instability in the days ahead.

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