Categories
Blockchain

Bitcoin Price Plunges 11%: Factors Behind Sunday’s Big Crypto Market Dump

On February 24, the Bitcoin price plunged from $4,190 to $3,714 within minutes by 11.3 percent against the U.S. dollar. While many traders were not taken aback by the sudden drop in the price of the dominant cryptocurrency, some were surprised by the magnitude of it in a short time frame. In an exclusive interview with CCN, cryptocurrency technical analyst and trader Josh Olszewicz suggested that the Chicago Mercantile Exchange (CME) Bitcoin futures market may have had a large impact on the downside movement of the asset. How Bitcoin Futures Could Have Had a Big Effect Last week, prior to

The post Bitcoin Price Plunges 11%: Factors Behind Sunday’s Big Crypto Market Dump appeared first on CCN

Read the original post: Bitcoin Price Plunges 11%: Factors Behind Sunday’s Big Crypto Market Dump