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6 Comments
tldr; Bitcoin experienced its largest single-day loss since November 2022, dropping over 8% to under $62,000. This decline, the most significant since the collapse of the FTX exchange, was influenced by outflows from U.S.-listed spot exchange-traded funds (ETFs), with a record net outflow of $326 million from the spot ETFs on Tuesday. Factors contributing to the crash include excessive leverage, negative ETF inflows, and a decrease in Ether’s value following the Dencun upgrade. The market’s anticipation of the Federal Reserve’s rate decision and its impact on cryptocurrencies is also noted.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
8% is a loss for ants
Back in 2017 you could get into double digit daily losses
Here’s hoping a $10k daily drop is the new worst case
Good luck everyone
Biggest Single-Day Loss Since FTX’s Collapse so far
Buying opportunities !
I thought price can only go up now 🙁
It’s a shame I’m absolutely skint at the minute, bet it pumps before pay day