Bitcoin Price Crashes To $49,000: Key Reasons Explained

Rate hikes by the Japanese central bank typically precede recessions

Over the previous 24 hours, the crypto market has witnessed a extreme downturn, with Bitcoin’s worth tumbling down 15% to a low of $49,000 on Binance (BTC/USDT), marking a big departure from its $70,000 excessive final week—a 26% crash. Equally, Ethereum (ETH) plunged 39% from $3,400 to $2,100. This downward pattern was not remoted however … Read more

Bitcoin Price Crashes Below $54,000: Top-5 Reasons

Mt. Gox Bitcoin

Within the final 4 days, the Bitcoin value has plummeted over 15%, with a big 7.8% drop occurring in simply the previous 24 hours. From a excessive of almost $72,000 in early June, the worth of BTC has now declined by virtually 25%. Listed here are the important thing components behind yesterday’s dramatic fall in … Read more

Bitcoin Price Crashes Below $61,000: The Main Reasons

Bitcoin price

Within the final 24 hours, the Bitcoin (BTC) value fell by as much as 4.8%, plummeting to a brand new low of $60,601 after buying and selling above $64,000 only a day earlier. This decline might be attributed to a mix of things, together with developments from the Mt. Gox saga, a big liquidation of … Read more