5 reasons Bitcoin and Ethereum plummeted 15% in a single day By Cointelegraph
- Date: 25-Apr-2021
- Source: Investing.com
- Sector:Financial Markets
- Country:Middle East
5 reasons Bitcoin and Ethereum plummeted 15% in a single day By Cointelegraph
The price of Bitcoin (BTC) and Ether (ETH) fell by 15% and 20%, respectively, on April 23 as the cryptocurrency market became engulfed in a major correction.
Five factors likely caused the price of Bitcoin and Ether to steeply drop in a single day, including mass liquidation, an overheated futures market, the decline of Kimchi premium, whales selling and concerns over United States President Joe Biden's tax plans.
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