Bitcoin recorded its largest single-day drop since the FTX crash yesterday
Data shows that Bitcoin fell by more than 8% yesterday, dropping below $62,000. This is the largest single-day percentage drop since November 9, 2022. On November 9, 2022, due to the bankruptcy of FTX exchange, BTC dropped by more than 14%. Trader and economist Alex Kruger stated that the latest price slide of Bitcoin was driven by various factors, including outflows from spot ETFs.
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