Bitcoin dumps 7%

in #crypto • 9 months ago

Wow! What a dump! The crypto took a nose dive yesterday due to a massive bitcoin sell off. A little bit of investigation found some articles talking about Elon Musk's SpaceX having sold off all their bitcoin. This apparently sparked a domino effect which saw the market dip as much as 7%, and up to 25% for altcoins like XRP.

The cause is yet to be verified, but there were liquidations in both direction causing volatility we haven's seen since the FTX crash.

Ade

#cryptocurrency #bitcoin #xrp #finance #elon-musk #spacex #liquidation
9 months ago in #crypto by
$0.04
  • Past Payouts $0.04, 0.00 TRX
  • - Author $0.02, 0.00 TRX
  • - Curators $0.02, 0.00 TRX
3 votes
Reply 0

Coin Marketplace

STEEM 0.30
TRX 0.12
JST 0.033
BTC 64143.01
ETH 3154.83
USDT 1.00
SBD 3.86