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3 Reasons Bitcoin Crashed by $3,000 – And Why It’s Still Bullish – Yahoo Finance
Here’s three main factors behind Thursday’s bitcoin price crash.
Bitcoin suffered a price crash earlier on Thursday, having missed record highs by a narrow margin earlier this week.
The top cryptocurrency by market value fell from over $19,300 to $16,327 during the early European trading hours and was last seen trading near $17,200, representing a 10% drop on a 24-hour basis, according to CoinDesk 20 data.
The sudden fall caught many traders off-guard, given the cryptocurrency was trading just 2% short of its record high of $19,783 on Wednesday.
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