The worth of (BTC) dropped under $9,000 from $9,660 inside seven hours. The 7% plunge comes as $55 million value of lengthy futures contracts had been liquidated on BitMEX.
4 elements are doubtless behind the sudden decline within the worth of the highest cryptocurrency by market capitalization. Particularly: shares sliding, promoting strain from miners, an prolonged interval of low volatility, and repeated rejection of $10,000.
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