Why did Bitcoin drop? Analysts point to 5 potential reasons By Cointelegraph
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Elon Musk’s SpaceX reportedly selling its (BTC) holdings, the bankruptcy of a Chinese property giant, and fears of interest rate hikes have been among the theories raised as to Bitcoin’s freak price dip.
On Aug. 18 around 9:35 pm UTC, the price of Bitcoin suddenly plummeted over 8% in a span of 10 minutes, taking with it the wider cryptocurrency market, leaving many in the crypto community scratching their heads.
SpaceX offloads Bitcoin, interest rate fears
Government bond yields
Chinese still a risk to Bitcoin
Whale’s selling big
Continue Reading on Coin Telegraph
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© Reuters
Elon Musk’s SpaceX reportedly selling its (BTC) holdings, the bankruptcy of a Chinese property giant, and fears of interest rate hikes have been among the theories raised as to Bitcoin’s freak price dip.
On Aug. 18 around 9:35 pm UTC, the price of Bitcoin suddenly plummeted over 8% in a span of 10 minutes, taking with it the wider cryptocurrency market, leaving many in the crypto community scratching their heads.
SpaceX offloads Bitcoin, interest rate fears
Government bond yields
Chinese still a risk to Bitcoin
Whale’s selling big
Continue Reading on Coin Telegraph
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