Bitcoin price drops to $52K, liquidating almost $10B
From cointelegraph.com
Bitcoin (BTC) fell to sudden lows of $52,000 on April 18 in a timely reminder of how price action often follows hash rate. {chart} China, US rumors lead the BTC sell-off: Cointelegraph Markets Pro and TradingView showed a brutal hour for Bitcoin bulls everywhere early on Sunday as the market went from $59,000 to $52,000 in minutes. Having lost $60,000 support earlier in the weekend, BTC/USD was still fairly stable before the snap price event, which liquidated positions worth almost $10 billion over the past 24 hours. At around $7,000, the hourly loss challenges the record reversal seen in February after Bitcoin hit ...
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