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What Caused the Bitcoin Market Meltdown? – Decrypt

Bitcoin’s price was on track to break records yesterday, but instead it crashed overnight. Here’s why.

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In brief

  • Bitcoin was set to break its all-time high yesterday, but instead, the price crashed overnight.
  • Industry pundits gave several reasons for this, including Bitcoin being overbought in recent months.
  • The re-opening of withdrawals on OKEx may have also played a role in Bitcoin’s price crash.

The Bitcoin market crashed overnight, with the price of Bitcoin dropping by 11% in the last 24 hours. 
Over the last few months, the Bitcoin market has been on a major bull run. Bitcoins price increased…

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