Bitcoin’s Price Plummets 8% in 10 Minutes to June Lows 📉

Bitcoin's price #fell around 8% in 10 minutes on August 17, reaching levels unseen since June. Starting at $27,600, it dropped over 8% to $25,320, with some exchanges showing a dip to the low $26k range.

The fall was influenced by factors including #SpaceX 's $373 million BTC sale and China's #Evergrande Group filing for bankruptcy.

This brought Bitcoin's market cap below $500 billion, a first since June 16.

However, despite this dip, Bitcoin remained 60% up from the start of 2023 at around $16,550.

#Binance

#crypto2023