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Bitcoin Suddenly Crashes 8% as Momentum Fades After the Recent Rally | coin❖trellis

Bitcoin Suddenly Crashes 8% as Momentum Fades After the Recent Rally

The crypto space can be highly volatile for traders, and over the years, Bitcoin (BTC) has proven to be among the more volatile cryptocurrencies. Over the past few days, the world’s biggest cryptocurrency by market cap had managed to make a comeback of sorts, but the volatility returned once again today. Such volatility was last seen back in November 2019.

Key Drivers

At around 5 in the morning Hong Kong time, the cryptocurrency plunged by as much as 8% within a matter of 45 minutes, dropping down to $9,320 per coin.

While the meltdown …

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