This week definitely started slow, but as Tuesday hit cryptocurrency markets began spiraling down at an accelerating rate. As we speak, most cryptocurrencies are down at least 10% and dropping, with some coins like Bitcoin SV taking a near 30% hit. Let’s try and make sense of this bearish market movement and see if we can figure out the cause for the panic. Binance BTC/BUSD Flash Crash? The first suspect for the cause of this major drop is Binance. It seems that due to low liquidity on the market, the BTC/BUSD pair flash crashed to as low as $1800.00 earlier
The post It’s Happening! Major Cryptocurrency Market Correction – Find Out Why? appeared first on The Merkle Hash.
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