Over the span of 12 hours the cryptocurrency plunged from the 41 000 region to lows on spot exchanges close to 34 000 and lows on futures exchanges close to 35 000. Bitcoin plummeted as much as 17 on monday its biggest single day decline since march.
After hitting a new all time high of 41 950 bitcoin had a major 31 correction down to 28 850.
Bitcoin drop. Bitcoin faces biggest one day drop since march after red hot rally national globalnews ca if sustained the one day drop would be the biggest since covid 19 caused chaos in financial markets in. Bitcoin resumed declines wednesday as the digital coin heads for its worst week since march last year a drop that s raised questions about the outlook for the cryptocurrency boom. The cryptocurrency had soared by 171 in the fourth.
The price of bitcoin has plummeted by more than 5 000 in what is the single biggest crash in its history. The white knuckle bitcoin ride took another twist monday as the worst two day tumble in the digital currency since march stoked concern that the polarizing cryptocurrency boom may run out of steam. Bitcoin faced an extreme correction earlier today.
Bitcoin might see a price drop or a short term consolidation phase on chain data show. Bitcoin reclaims key support level after drop to 34 500. Bitcoin hit a record high of 34 792 47 on sunday.
Nick chong jan 11 2021 02 34. Whale inflows into exchanges have increased to the bearish zone according to cryptoquant ceo ki young ju. After hitting a new all time high on sunday above 34 000 25 000 the cryptocurrency s.
For the most part this pullback is considered healthy as past price action indicates it s normal. Bitcoin s biggest drop since march shakes faith in cryptocurrency boom representational image flickr hong kong.