Bitcoin Plunges Over 14% in a Single Day
Bitcoin Plunges Over 14% in a Single DayOn August 5th, Bitcoin continued its downward trend, breaking below $52,000 and rapidly falling below $51,000, marking a staggering 14% drop for the day. This intensified recent downturns in Bitcoin, significantly impacting market confidence
Bitcoin Plunges Over 14% in a Single Day
On August 5th, Bitcoin continued its downward trend, breaking below $52,000 and rapidly falling below $51,000, marking a staggering 14% drop for the day. This intensified recent downturns in Bitcoin, significantly impacting market confidence.
The cause for Bitcoin's fall remains unclear, but the market generally attributes it to various factors including: tighter global regulatory policies, China's tightened control over cryptocurrency transactions, and volatile market sentiment.
Investors are closely watching Bitcoin's movements and awaiting further market signals.
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