The post Why Bitcoin is Crashing Today? appeared first on Coinpedia Fintech News
The cryptocurrency market has crashed over 5% overnight with a trading volume of $144.82 billion. With this, the crypto-verse is now valued at $3.01 Trillion. Notably, the market has wiped out over $110 billion in 24 hours, making it the worst-performing day of the year.
Considering the ongoing market statistics, is this a good time to invest in Bitcoin? Moreover, investors are storming the internet with questions like “Why is BTC crashing?” In this article, we have uncovered the market sentiments and possible short-term Bitcoin price analysis just for you.
BTC Price Breaks Below Its Crucial Support Of $90,000!
The price of Bitcoin has lost 7.16% in 24 hours with a trading volume of $74.79 billion, a change of +206.03%. Furthermore, it has dropped ~8% in 7 days and ~15% in the last 30 days. With a YTD return of -4.68%, its dominance has increased to 61.1079%.
The EMA 50-day constantly act
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