Bitcoin Crashed in One and a Half Hours
The leading cryptocurrency Bitcoin faced a hard selling wave around 3.00 TSI. BTC, which lost 5.3 percent in just one and a half hours, fell from $ 31 thousand 300 to $29 thousand 510.
Bitcoin Crashed in 1 and a Half Hours. Despite the recovery efforts, the leading cryptocurrency Bitcoin has again encountered a wave of sales, as it has repeatedly in recent weeks. Bitcoin, which reached $31 thousand 600 after yesterday's rise, fell below $30 thousand in the first hours of the day.
Experts evaluated that the strengthening of the dollar caused sales in cryptocurrencies. On the other hand, while the 10-year bond yields in the USA increased from 2.96 percent to 3.04 percent, the dollar index increased by 0.5 percent in the last 2 days.
June 8 Bitcoin Prices
While the leading crypto Bitcoin was hovering around $31 thousand 300 around 3.00 TSI, it lost 5.3% value with the effect of the sales wave. Bitcoin market cap slumped to $530 billion, with a loss of $38 billion.
At the time of writing the news, BTC continues its efforts to make up for its loss in the first hours of the day and is traded at $ 30,365.