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ar Arabiczh-CN Chinese (Simplified)en Englishid Indonesianru Russian
bitcoin
Bitcoin (BTC) $ 93,285.99
ethereum
Ethereum (ETH) $ 3,335.55
tether
Tether (USDT) $ 0.998762
bnb
BNB (BNB) $ 681.18
usd-coin
USDC (USDC) $ 1.00
xrp
XRP (XRP) $ 2.17
binance-usd
BUSD (BUSD) $ 0.998987
dogecoin
Dogecoin (DOGE) $ 0.310972
cardano
Cardano (ADA) $ 0.880582
solana
Solana (SOL) $ 184.53
matic-network
Polygon (MATIC) $ 0.475049
polkadot
Polkadot (DOT) $ 7.00
tron
TRON (TRX) $ 0.250167
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    HomeCrypto Finance

    Why did Bitcoin drop? Analysts level to five potential causes

    Crypto Finance
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    By admin
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    Latest News

    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

    Greater than $427 million price of Bitcoin lengthy positions have been liquidated within the final 24 hours. Supply: Coinglass

    Proceed Studying on Coin Telegraph

    See also  Bitcoin Nears All-Time Excessive on Renewed Institutional Demand
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