Big double-digit price drops are visible on all charts as Bitcoin hits $42,000 and drops to a two-month low. However, on the popular cryptocurrency exchange Huobi, the Bitcoin/USDC pair experienced an even deeper decline and hit $28,801.
Bitcoin lost thousands of dollars on Huobi
Cryptocoin. com
As we reported , Bitcoin fell $ 16,000 within hours, falling to $ 42,000, the lowest level in two months, and experienced one of its worst collapses. Most altcoins are in the deep red with double-digit price losses, with the market cap dropping by $600 billion at one point. Until just 24 hours ago, there were complaints that Bitcoin could not break through $59,000 decisively, while BTC fell to $51,000, first losing $8,000. Hours later, it hit $42,000, its lowest price point since September, on Bitstamp.
However, that wasn’t the worst again. As blockchain researcher Wu Blockchain pointed out, the BTC/USDC pair saw $28,801.87 on Huobi. Wu Blockchain shared the chart below, using the expressions “BTC/USDC trading pair on Huobi Global fell sharply to $28,801.87 and showed insufficient depth.”
As seen in the chart, after this sudden drop, BTC recovered in the stock market. In the general market, however, after this massive one-day crash, the BTC price has somewhat recovered. However, BTC, which changed hands at $ 47,839 at the time of writing, is still showing a 15 percent loss in the last 24 hours.