Crypto-Follow logo Crypto-Follow logo
CoinGape 2022-05-12 06:02:00

Bitcoin (BTC) Crashes Below $27K On These Three Factors

Bitcoin (BTC) broke below two key support levels on Thursday as a market rout intensified. While its latest crash was directly triggered by higher-than-expected U.S. inflation data, there were also other factors driving investors out of crypto. BTC is trading down 15% in the past 24 hours at $26,848- its lowest level since December 2020. The post Bitcoin (BTC) Crashes Below $27K On These Three Factors appeared first on CoinGape.

#
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer