Why did Bitcoin drop? Analysts point to 5 potential reasons

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 …

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Why Did Bitcoin Drop? Analysts Point To 5 Potential Reasons

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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 …

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Why Did Bitcoin Suddenly Crash? Key Factors Behind The BTC Plunge

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6 days ago · Analysts suggest monitoring demand levels near $92,000 for potential recovery. Key Takeaways: Bitcoin broke below critical support at $97,204, triggering bearish momentum. …

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Why Did Bitcoin Drop? Analysts Point To 5 Potential Reasons

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Aug 18, 2023 · Bitcoin's price fell approximately 8% in a span of 10 minutes, leaving crypto investors scrambling to make sense of the drop. Elon Musk's SpaceX reportedly selling its …

bitcoininsider.org

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Why Did Bitcoin Drop? Analysts Point To 5 Potential Reasons.

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The cryptocurrency community was baffled after Bitcoin’s price experienced a sudden 8% dip in just 10 minutes on August 18th, around 9:35 pm UTC. Along with Bitcoin, the broader …

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Why Is Bitcoin Going Down? BTC Price Falls To Lowest Levels Since …

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4 days ago · Discover why Bitcoin price is going down $100K: Analysis of market factors, technical levels, and future predictions for BTC price in 2025. ... Technical analysis shows that …

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Bitcoin Price Prediction: Overbought Signal Points To 13% Drop, …

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Jan 7, 2025 · Investors should brace for a potential double-digit drop in bitcoin, according to Katie Stockton.; The top technical analyst said she saw bitcoin finding support at $84,500, implying …

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Why Did Bitcoin Drop? Analysts Point To 5 Potential Reasons - ADVFN

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BTCUSD Bitcoin Why did Bitcoin drop? Analysts point to 5 potential reasons. Bitcoin's price fell approximately 8% in a span of 10 minutes, leaving crypto investors scrambling to make sense …

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Why Did Bitcoin Drop? Analysts Point To 5 Potential Reasons.

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Aug 18, 2023 · Market Analysts Weigh In On Factors Behind the Sudden Price Drop The cryptocurrency community was baffled after Bitcoin’s price experienced a sudden 8% dip in …

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Why Did Bitcoin Drop? Analysts Point To 5 Potential Reasons

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Aug 18, 2023 · On Aug. 17 around 9:35 pm UTC, Bitcoin’s price dropped 8% to below $26,000 in just 10 minutes and there could be 5 potential reasons contributing to the sudden drop: ⚫ …

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Why Did Bitcoin Drop? Analysts Point To 5 Potential Reasons

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Aug 18, 2023 · Analysts point to 5 potential reasons Bitcoin's price fell approximately 8% in a span of 10 minutes, leaving crypto investors scrambling to make sense of the drop. Elon …

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Why Did Bitcoin Drop? Crypto Analysts Point To 5 Potential Reasons ...

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Aug 25, 2023 · Bitcoin's price fell approximately 8% in a span of 10 minutes, leaving crypto investors scrambling to make sense of the drop.Elon Musk’s SpaceX reportedly selling its …

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Why Did Bitcoin Drop? Analysts Point To 5 Potential Reasons

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SpaceX offloads Bitcoin, interest rate fears. eToro market analyst Josh Gilbert pinned the drop on a report that SpaceX may have offloaded some or all of its $373 million in Bitcoin holdings, …

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#Bitcoin Breaks $100K In A Game-Changing 2024 - YouTube

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2024 was huge for crypto. Bitcoin hit $100K, ETFs brought billions, and meme coins plus AI-driven platforms like Pump.Fun stole the spotlight. With Bitcoin h...

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Why Did Bitcoin Drop? Analysts Point To 5 Potential Reasons

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Bitcoin's price fell approximately 8% in a span of 10 minutes, leaving crypto investors scrambling to make sense of the drop. Elon Musk’s SpaceX. Trading bots; Mining; Token sale; ... Why did …

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FAQs about Why did Bitcoin drop? Analysts point to 5 potential reasons Coupon?

Why did crypto markets suddenly drop?

While there appears to be no consensus as to why the markets suddenly dropped, several crypto market analysts have shared their initial theories with Cointelegraph. ...

What happened to bitcoin?

Bitcoin's price slumped to around $57,000 apiece Thursday, hitting a two-month low after the U.S. Federal Reserve released minutes from its June meeting indicating the central bank isn't yet ready to cut interest rates. ...

Could a double digit drop in Bitcoin be a big deal?

Investors should brace for a potential double-digit drop in bitcoin, according to Katie Stockton. The top technical analyst said she saw bitcoin finding support at $84,500, implying 13% downside. Bitcoin's secondary support could be around $73,800, implying g 25% downside in a steeper sell-off. ...

What's affecting bitcoin's price this year?

A worsening macroeconomic climate and the collapse of industry giants such as FTX and Terra have weighed on bitcoin's price this year. ...

Will bitcoin drop 25% if sell-off is steeper?

Bitcoin could find secondary support at the $73,800 level, she added, implying that the coin could drop as much as 25% if the sell-off is steeper than anticipated. "Bitcoin has a rebound underway, but we expect it to fade quickly, yielding a lower high relative to the December peak," Stockton said. ...

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. ...