Top 4 Reasons Why Bitcoin Price Is Down Today?
The post Top 4 Reasons Why Bitcoin Price Is Down Today? appeared first on Coinpedia Fintech News
The crypto market is crashing today as fear spreads quickly among investors. After, the global crypto market cap dropped to $2.23 trillion, falling more than 4% in just 24 hours.
Bitcoin is leading the crash as the Fear and Greed Index has dropped to 14, showing extreme fear.
So, here are the top 4 reasons why the crypto market is crashing today.
Bitdeer’s Bitcoin Sale Led Crypto Market CrashOne major reason behind today’s crypto market crash is the sudden decision by Bitcoin mining company Bitdeer to sell its entire Bitcoin holdings. The company sold 943 Bitcoin from its reserves along with newly mined coins.
After this sale, Bitdeer Holding went to zero BTC.
Bitdeer #BTC Weekly Update