Monday, January 17, 2022
HomeBitcoin NewsBitcoin Dives, Erasing All Weekly Gains, Altcoins Bleed Too

Bitcoin Dives, Erasing All Weekly Gains, Altcoins Bleed Too

In a sudden move in early Sunday hours (UTC time), bitcoin (BTC) price crashed around 10%, leaving traders perplexed. In the top 10, all coins, except tezos (XTZ), are down in double-digits.

At pixel time (04:50 UTC), BTC trades at c. USD 8,534 and is down by 13% in a day, erasing all weekly gains (-8%) and trimming its monthly gains (21.5%)

BTC price chart

__
BitMEX XBTUSD Liquidations

At the same time, ethereum (ETH), XRP, bitcoin cash (BCH), litecoin (LTC) are down by 12%-13%, also dropping by 10%-14% in the past week.

RELATED ARTICLES

Most Popular