Here’s What’s Driving The Bitcoin Price Crash Toward $60,0000
In six months, the Bitcoin price has crashed by around 50%, dropping below $64,000 at the start of this month. Naturally, this has triggered a cascading event, with devastating effects on the rest of the market, and questions about what could be driving the decline. With no notable event driving the crash, as was seen in 2022 with the crash of the FTX crypto exchange, the simple answer has pointed to one thing: large investors are selling. Corporate Holders Are Getting Out Of Bitcoin In an X post, Coin Bureau highlighted an interesting trend among corporate Bitcoin holders that could explain the sustained decline the digital asset has suffered in recent times
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