13/12/2021
https://primexbttradingnow.com/bitcoin-is-down-15000-and-currently-trading-at-48000-causing-a-20-40-drop-for-altcoins/
It hasn’t really been a good week for crypto investors, as the massive drop caused Bitcoin to lose 30% of its value quickly. The coin that was trading in the $50,000 to $60,000 range fell to the $40,000 level in a few hours.
As expected of such a drastic drop for Bitcoin, altcoins were also hit hard and some altcoins more than doubled their losses as some dropped 40-50% in value over the same period.
The price drop was made worse by over $2.4 billion in futures positions being liquidated in just 1 hour of which $600 million was in BTC futures.
Bitcoin Leverage, Blogs, News Bitcoin is down $15,000 and currently trading at $48,000 causing a 20-40% drop for altcoins Posted on December 12, 2021 by admin 12 Dec It hasn’t really been a good week for crypto investors, as the massive drop caused Bitcoin to lose 30% of its value quickly. The coi...