The post Why is The Bitcoin (BTC) Price Down Today? appeared first on Coinpedia Fintech News
The cryptocurrency market witnessed a sudden downturn as Bitcoin plummeted in value with the onset of Q2, triggering significant liquidations across the entire network.
Continue reading this article to delve into the details of the flash crash and its market implications –
Bitcoin Price Plunge 5%
Bitcoin, the leading cryptocurrency, experienced a sharp decline, dropping to as low as $66,000, while Ethereum briefly fell to $3,319. The sudden drop in prices led to massive liquidations.
Bitcoin’s entire network witnessed a total liquidation of $157 million in the past hour alone, while long orders totaling $144 million accounted for the majority of liquidations.
Overall, the global crypto market witnessed a sudden drop. Ethereum has fallen by 6.71% in the last 24 hours and Solana by 9.32, resulting in $92.26 million and $17 million, respectively.
Shift To Memecoins
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