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Bitcoin Crashes as Fear Spreads
Bitcoin price suffered a strong reversal on Monday, erasing most of the gains it made last week when it soared to $93,000. The BTC/USD pair has dropped to the lowest level since November 21, which is also 32% below the current level. Bitcoin Price Crashes as Rally Loses Momentum The BTC/USD pair dropped sharply, coinciding with the performance of the stock market, with top indices like the S&P 500 and the Dow Jones dropping by over 0.50%. This decline happened as liquidations jumped, with some traders who bought the recent dip using leverage suffering over $700 million in losses as their positions were shut. This ... (full story)
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