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The $10K Bitcoin Dip that Happened Last Night
In the late evenings of Friday, December 3, 2021 in most US time zones, Bitcoin fell nearly $10,000 in roughly an hour to a temporary low of $42,000 before bouncing up to $45,000. Ether, the second-largest cryptocurrency by market capitalization, fell around $1,100 over the same time period.
According to the news above: “So far I’ve seen upwards of 4,000 BTC being sold that pushed the market abruptly down,” said Laurent Kssis, a crypto exchange-traded fund expert and director of CEC Capital. “In fact, 1,500 BTC alone was sold in less than a minute at the time of the drop.”
1,500 BTC alone was sold in less than a minute at the time of the drop.
Many of you who watched the market were caught by surprise, including myself. I was puzzled on how things…
