Why did Bitcoin drop? Analysts level to five potential causes

Elon Musk’s SpaceX reportedly promoting its (BTC) holdings, the chapter of a Chinese language property big, and fears of rate of interest hikes have been among the many theories raised as to Bitcoin’s freak worth dip.

On Aug. 18 round 9:35 pm UTC, the value of Bitcoin all of a sudden plummeted over 8% in a span of 10 minutes, taking with it the broader cryptocurrency market, leaving many within the crypto group scratching their heads.

SpaceX offloads Bitcoin, rate of interest fears

Authorities bond yields

Chinese language nonetheless a threat to Bitcoin

Whale’s promoting huge

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