Bitcoin (BTC) experienced a sharp drop, hitting 58.016 on Binance. The cryptocurrency managed to recover above 59,000 at the time of writing.
No clear idea yet what caused the drop.
Speaking on the subject, Eren Caner, one of the domestic crypto money analysts, stated that he expects a recovery above $ 60,000. According to Caner, the manipulation of whales caused the decline.
On the other hand, according to the data obtained, the amount of liquidation in 1 hour exceeded 500 million dollars.
Altcoins Are Also Declining
Along with Bitcoin, altcoins are also falling. Ethereum is 2% in the last hour, according to CoinGecko data. 8, BNB 3%. 3, ADA %. 5. 2, LEFT 1%. 7 and XRP 5%. It had 3 falls.
Among the top 100 cryptocurrencies, some of the ones that lost the most in 1 hour are as follows:
- ETC: 9%. 5
- SAFEMOON: 7%. 8
- SNX: 7%. 6
- MIOTA: 7%. one
- ENJ: 6%. 7
- UNI: 6%. 4