Bitcoin, collapse of almost 10,000 dollars overnight: here are the causes

Bitcoin, collapse of almost 10,000 dollars overnight: here are the causes

Bitcoin, collapse of almost 10,000 dollars overnight: here are the causes

The now unstoppable march of Bitcoin overnight suffered a major setback due to some external factors, which led the value to an instant loss of almost 10,000 dollars on the value of the single token. Let’s find out what happened.

Over the night the well-known Twitter account FXHedge made the note the will of the United States Department of the Treasury to initiate investigations into numerous money laundering operations carried out through the cryptocurrency market by both financial institutions and individuals.

A few minutes after the publication of the post, the candles of the main crypto, including Bitcoin, Ethereum e Binance Coin, have fallen into the deepest red.

Specifically, BTC collapsed from $ 58,000 to about $ 51,000, ETH went from $ 2,260 to $ 1970 while the virtual currency created by Binance reached $ 440 compared to the previous value of about $ 500.

For the lucky few who were able to instantly convert their encrypted fortunes, the losses were minimal, but huge for those not logged in at the time. In any case, the event triggered a chain reaction that led to the liquidation of $ 7.9 billion, a move that has helped to further increase this sensational dump.

In all of this, the Dogecoin meme-coin continues to fly. After Elon Musk’s Tweets that took it to its all-time high of $ 0.45, the currency currently seems to have settled on 30 cents, a considerable figure for a token that does not provide any kind of measure against inflation.

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