5 Reasons Bitcoin and Ethereum Plummeted 15% in a Single Day By Cointelegraph

Ethereum_800x533_L_1556445201.jpg

5 reasons why Bitcoin and Ethereum plummeted 15% in a single day

The price of (BTC) and Ether (ETH) fell 15% and 20%, respectively, on April 23, when the cryptocurrency market was engulfed in a major correction. Five factors likely caused the price of Bitcoin and Ether to fall sharply in a single day, including the massive sell-off, an overheated futures market, the decline in the Kimchi premium, the whale sale, and concerns about the plans. prosecutors for the president of the United States, Joe Biden. Binance BTC futures open interest. Source: BybtSouth Korea Premium Index. Source: CryptoQuantWhales selling their funds. Source: Material Indicators Continue Reading on Coin Telegraph

Disclaimer: Fusion Media wishes to remind you that the data contained on this website is not necessarily accurate or in real time. All CFDs (stocks, indices, futures) and Forex prices are not provided by exchanges, but rather by market makers, so the prices may not be accurate and may differ from the actual market price, which means that prices are indicative and not appropriate for commercial purposes. Therefore, Fusion Media assumes no responsibility for any business losses you may incur as a result of the use of this data. Fusion Media or anyone involved with Fusion Media will not accept any responsibility for loss or damage as a result of reliance on information, including data, quotes, charts, and buy / sell signals contained on this website. Be fully informed about the risks and costs associated with trading the financial markets, it is one of the riskiest forms of investment possible.