While Bitcoin cleared $100K, it was brief considering the December 5 crash. Bitcoin price today hovers around No data found for bitcoin on 3 minutes ago on No data found for bitcoin on 3 minutes ago after hitting a daily high of No data found for bitcoin on 3 minutes ago today after a No data found for bitcoin on 3 minutes ago% move on December 6.
Bitcoin Price Today: Here’s Why BTC Crashed Below $100K
Bitcoin price crashed 13.53% between December 4 and 5, wiping out an excess of $1.5 billion worth of positions in just 19 hours. On December 5 alone, more than $1 billion worth of longs and short positions got wiped from the cryptocurrency market.
BTC Crash, Crypto Liquidations
But why did Bitcoin suddenly dip below the historic $100,000 level, and will it recover? Let’s discover!
Meitu, dubbed as the chinese MicroStrategy, sold its crypto holdings, which led to the sudden drop in Bitcoin price on December 4. The Chinese selfie application operator sold 940 BTC and 31,000 ETH, real
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