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Why Did Bitcoin Price Crash and Will it Dump Again?

By BeInCrypto (Fernando Fierro)CryptocurrencyMay 24, 2021 16:23
uk.investing.com/analysis/why-did-bitcoin-price-crash-and-will-it-dump-again-200477400
Why Did Bitcoin Price Crash and Will it Dump Again?
By BeInCrypto (Fernando Fierro)   |  May 24, 2021 16:23
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Today we’ll have a look at what’s going on with the Bitcoin price and how what started as a dip has now turned into a full-blown crash. Stay with us for a thorough dissection of the Bitcoin price crash today.

Last week, Tesla (NASDAQ:TSLA) announced it would not be accepting Bitcoin as payment for its cars, which led to a large price dip. But why did Bitcoin crash in the days that followed.

Hardly anyone saw this Bitcoin price crash coming, and as investors are still panic-selling, many are worried just how much lower the cryptocurrency has yet to fall. As many analysts predict strong volatility over the next few days, we’ll try to understand the recovery outlook from this Bitcoin price crash is.

Stay tuned to see the main reasons as to why did the Bitcoin dump occur. And let us know what your thoughts on the matter are in the comments! Will Bitcoin dump again?

Why Did Bitcoin Price Crash and Will it Dump Again?
 

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Why Did Bitcoin Price Crash and Will it Dump Again?

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Comments (2)
Siddhant Jain
Siddhant Jain May 25, 2021 4:08
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Yes & it should go back to 2 cents
Sofeahisham Hisham
Sofeahisham Hisham May 25, 2021 3:57
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going for dead cat bounce🥶
 
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