“Among the top reasons for the price drop was the German government moving more than $50 million to crypto exchanges, creating sell speculation in the market,” Lucy Hu, a senior analyst at crypto investment firm Metalpha, said in a Telegram message.
Bitcoin (BTC) Price Decline Spurs Buying of Spot ETFs
As for price action, bitcoin has seen a very modest of bounce since tumbling from nearly $61,000 Wednesday to under...