Bitcoin plunged by a record 17% in just a few hours

Bitcoin suffered a significant drop, falling by 17% within a few hours. The price of the cryptocurrency market’s flagship fell to $ 50,300. At that moment, the value of BTC reached $ 49,800.

The cryptocurrency’s fall coincided with the stock market’s collapse. Investors began to sell their assets en masse, fearing a further decline. Several analysts believe that this may be due to the expectation of higher interest rates. Other experts point to possible market manipulation by large players.

Positions worth more than $ 800 million were liquidated on crypto exchanges. This put additional pressure on the market, exacerbating the decline. A significant number of traders suffered losses. Some investors believe that this could be the beginning of a long decline.

The fall of BTC $98,096.40 Bitcoin 4.79% Market capitalization $1.94 trillion VOL. 24 hours $5.89 billion has had an impact on other cryptocurrencies. Ethereum and other altcoins also showed a significant decline in prices.

The market is dominated by concerns about the stability of cryptocurrencies. Some experts advise to remain cautious and not make hasty decisions. Despite the situation, some investors see this as a buying opportunity. They hope for a market recovery in the future.