Bitcoin Price Prediction: BTC Plummets 10% As Investors Turn To This Learn-To-Earn Crypto And Its 657% APY
The Bitcoin price plunged 10% in the last 24 hours to trade at $53,987 as of 00:44 p.m. EST on trading volume that surged 96% to $53 billion. This comes amid a crypto crash triggered by a rate hike in Japan that spooked investors, triggering the panic selling of riskier assets . Overall, cryptocurrencies sank by about $570 billion, according to data from CoinGecko . The sell-off witnessed in the crypto market coincides with the broader slide in equities in Asia-Pacific markets and with the U.S. Nasdaq sliding 3.4% last week into correction territory. The stock crash is partly tied to disappointing economic data in the US, including earnings, a weaker-than-expected jobs report, higher unemployment, and a declining manufacturing sector. The price of Bitcoin is now trading at its lowest since February, having plummeted to below $54,000. Bitcoin Price Aims For A Bullish Trend Reversal The Bitcoin price has been on a downtrend in the last week, plunging 24%, within a falling ch...