Business
What Caused the Bitcoin Market Meltdown? – Decrypt
Bitcoin’s price was on track to break records yesterday, but instead it crashed overnight. Here’s why.
In brief
- Bitcoin was set to break its all-time high yesterday, but instead, the price crashed overnight.
- Industry pundits gave several reasons for this, including Bitcoin being overbought in recent months.
- The re-opening of withdrawals on OKEx may have also played a role in Bitcoin’s price crash.
The Bitcoin market crashed overnight, with the price of Bitcoin dropping by 11% in the last 24 hours.
Over the last few months, the Bitcoin market has been on a major bull run. Bitcoins price increased…
