Bitcoin plummets 5% amid massive sell-off
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Bitcoin plummets 5% amid massive sell-off
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Bitcoin traded to under $58,000 on Thursday, decreasing nearly 5% in 24 hours amid massive sell-off pressure. According to CoinMarketCap, BTC price reached lows of $57,166 across major cryptocurrency exchanges.
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BTC plunges below $58,000 as whales and governments sell off
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On-chain data shows massive BTC offloading by government-linked wallets and whales, which the analyst says are reasons likely behind the dump.
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Bitcoin price dropped below $58,000 on Thursday, touching lows of $57,166. The nearly 5% decline came amid fresh sell-off pressure, with whales and government wallets selling BTC
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