Bitcoin falls 20% from YTH high with further 5% daily drawdown in cascading liquidation event
CAT
1 min read
Quick Take Recently, Bitcoin’s price broke below the $39,000 threshold, marking a noteworthy 20% reduction from its yearly high of $49,000. This event signified one of the most significant drawdowns in the current cycle, illustrating the inherent turbulence of this asset class. Historical data shows during bull market corrections, drawdowns can reach as much as […]
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Bitcoin falls 20% from YTH high with further 5% daily drawdown in cascading liquidation event
