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Bitcoin (BTC) Price Crashes Fast, Erasing $1,600 in a Day

© Reuters.   Bitcoin (BTC) Price Crashes Fast, Erasing $1,600 in a Day
© Reuters. Bitcoin (BTC) Price Crashes Fast, Erasing $1,600 in a Day

(BTC) kept to its usual pace of fast gains and equally fast losses, erasing more than $1,600 in the past 24 hours. BTC traded at $11,407.21, down more than 11.8% in the past day, as the crash accelerated on Thursday as of 5:50 UTC.

BTC crashed along with other assets just a day after the leading coin touched the $13,000 level. The sell-off is also happening on relatively high volumes, above $31 billion’s equivalent. This pattern is not unusual for BTC, where the gains are still uncertain and easily shaken down by selling.

The price drop of BTC is still lower in comparison to altcoin losses. BTC now dominates more than 65.5% of the market capi…

This article appeared first on Cryptovest

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Source: investing.com
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