The Latest Bitcoin Crash: Who To Blame?
The cryptocurrency markets have lately been undergoing unpredictable upheavals. The markets, otherwise known to be volatility-prone, are showing their usual course of ebb and flow. However, the recent Bitcoin crash has turned the usual market course upside down. Bitcoin fell $110K dramatically after a whale dumped nearly 24000 BTC, causing the markets to correct themselves organically. Also Read: The Philippines Proposes Strategic Bitcoin Reserve to Tackle Debt Bitcoin Crashes to $110K: Here’s What Happened. Source: NASDAQ Occasionally, there are instances that even the markets cannot predict in the long run. These instances are never planned and are as organic as they come, but end up changing the market course from time to time. In one such instance, a noteworthy BTC whale ended up dumping nearly 24000 BTC tokens, causing the markets to experience volatility at their best. This massive token dump led the markets to witness a sharp correction, with Bitcoin falling back to $110K. ...