Explained: 3 Theories Behind Bitcoin's 8% Plummet Today

Aug 18, 2023 · The sudden drop in Bitcoin’s (CRYPTO: BTC) value on Thursday, which led to an 8% decline within the last 24 hours, has sparked theories about the causes behind …

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Explained: 3 Theories Behind Bitcoin's 8% Plummet Today

2 weeks from now

Aug 18, 2023 · The sudden drop in Bitcoin’s (CRYPTO: BTC) value on Thursday, which led to an 8% decline within the last 24 hours, has sparked theories about the causes behind …

benzinga.com

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Explained: 3 Theories Behind Bitcoin's 8% Plummet Today

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Aug 18, 2023 · Explained: 3 Theories Behind Bitcoin's 8% Plummet Today. Benzinga - The sudden drop in Bitcoin’s (CRYPTO: BTC) value on Thursday, which led to an 8% decline …

investing.com

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Explained: 3 Theories Behind Bitcoin's 8% Plummet Today

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The sudden drop in Bitcoin’s (CRYPTO: BTC) value on Thursday, which led to an 8% decline within the last 24 hours, has sparked theories about the causes behind this unexpected market …

binance.com

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Why Did Bitcoin Drop? Analysts Point To 5 Potential Reasons

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Aug 18, 2023 · The price of Bitcoin crashed suddenly on Aug. 17, wiping out more than $427 million in long positions and leaving a trail of questions in its wake. Here are some theories …

cointelegraph.com

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Why Bitcoin Price Dropped 8% After Hitting All-time High?

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Mar 6, 2024 · 2.Bitcoin Miners Dumping. One of the reasons impacting Bitcoin’s price decline after hitting a new high was the activity of Bitcoin miners. According to data from CryptoQuant, a …

coingape.com

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Defined: 3 Theories Behind Bitcoin’s 8% Plummet At The Moment

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The sudden drop in Bitcoin’s BTC/USD worth on Thursday, which led to an 8% decline throughout the final 24 hours, has sparked theories in regards to the causes behind this sudden market …

storeground.in

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Deciphering The Bitcoin Plunge: Unraveling The Factors Behind The ...

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Mar 16, 2024 · However, the primary catalyst for this market crash is the decline in Bitcoin’s price, which fell by 8.7% from its record high of $73,750.07 in a single day. Bitcoin’s price currently …

thecurrencyanalytics.com

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Bitcoin Plummets 8% As Crypto Market Falls Below $1 Trillion

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Mar 10, 2023 · There’s more pain for Bitcoin (BTC) investors as the price of the leading cryptocurrency crashed below $20,000 on Friday.. At the time of this writing, Bitcoin is down …

decrypt.co

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3 Reasons Behind The Crypto Crash That Dragged Bitcoin Below $50K

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Dec 4, 2021 · Other digital coins like Ethereum have also plunged over the past 24 hours as well.Republicworld.com notes that “the total crypto market cap fell from $2.6 trillion on Friday …

yahoo.com

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Bitcoin, What’s Happening? | IE Insights - IE University

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Jul 11, 2022 · Bitcoin – which began trading in 2008 and is the most famous cryptocurrency with the largest trading volume – has plummeted more than 70% from its best days in November …

ie.edu

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These Three Factors Show Why Bitcoin Is Poised To Plummet …

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Bitcoin Flashes Signs of Weakness Following Recent Rejection at $9,800. At the time of writing, Bitcoin is trading down marginally at its current price of $9,670. This is around the level at …

bitcoinist.com

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Crypto Crash Explained—Why Bitcoin, Luna, Ethereum Prices …

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May 12, 2022 · The price of bitcoin was around $28,000 on Thursday, down about 7 percent over the last 24 hours, according to data from CoinGecko. Both bitcoin and its rival, ethereum, are …

newsweek.com

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Why Bitcoin, Ethereum, And Dogecoin All Plunged Today

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Dec 28, 2021 · As of 2:05 p.m. ET, Bitcoin was down as much as 8.1% in the last 24 hours and is currently down 7.4%. Ethereum had lost 8.3% of its value at one point and is now off 7.3%. …

fool.com

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Bitcoin Slumps 8% As It Heads For Bruising Monthly Drop

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May 28, 2021 · Still, bitcoin has eked out a gain of around 3% so this week. Crypto markets trade 24/7, with volatility common at weekends. Smaller coins, which typically rise and fall in tandem …

reuters.com

FAQs about Explained: 3 Theories Behind Bitcoin's 8% Plummet Today Coupon?

What's going on with Bitcoin and other cryptocurrencies?

Bitcoin and other cryptocurrencies have crashed further as a massive sell-off continues to roil the cryptocurrency market. The price of bitcoin was around $28,000 on Thursday, down about 7 percent over the last 24 hours, according to data from CoinGecko. Both bitcoin and its rival, ethereum, are down about 30 percent in the past seven days. ...

What happened to bitcoin?

Bitcoin has suffered a sharp pullback from record highs. The world's biggest cryptocurrency fell to $66,885 in the early hours of Friday - down 9%. Only yesterday, the digital asset had been touching an unprecedented price of $74,000. Bitcoin's price over the past week. Pic: CoinGecko ...

Why did bitcoin fall 9%?

The decline is linked to multiple factors. One is the fact that traders are beginning to take profits off the table, while the other is uncertainty about when interest rates will be cut in the US. Bitcoin has suffered a sharp pullback from record highs. The world's biggest cryptocurrency fell to $66,885 in the early hours of Friday - down 9%. ...

What happened to Bitcoin after China devalued the Yuan?

“In August 2015, when China devalued the Yuan for the last time, Bitcoin prices declined by -23% during the two weeks following the devaluation. Before a more meaningful rally started, Bitcoin finished the year +59% from the level of the devaluation,” explained Thielen. ...

Will Fed Tapering burst Bitcoin and crypto bubble?

Famed investor Louis Navellier’s warned “that the US Federal Reserve’s tapering could burst the Bitcoin and crypto bubble.” Navellier said the Fed’s tapering “should create a correction in risk assets, of which Bitcoin is a part.” He also warned that Bitcoin’s price could drop below $10,000. ...

Will Elon Musk put bitcoin price under pressure?

“Whenever you have a big name in the industry selling Bitcoin, especially someone as influential as Elon Musk, it will put the price under pressure.” This would put the sudden price drop around 2.5 hours after the report was published online. News: Somebody somewhere sold their Bitcoin at an unspecified time in the past... ...