HomeBitcoinCrypto crash fears as Bitcoin falls 3% in 'deep correction'

Crypto crash fears as Bitcoin falls 3% in ‘deep correction’

The Bitcoin (BTC) price is currently trading at $29,335 following a ‘cascade of liquidations’ in the market.

Bitcoin has swiftly dropped by $1,000 on yesterday with its market cap falling 1.66%.

Michaël van de Poppe, CEO of trading firm Eight, has tweeted: “Deep correction on the markets, as #Bitcoin can’t hold at $29,700-29,800 and shoots downwards through a cascade of liquidations.”

He also added: “Nothing major has changed, just a correction.”

Meanwhile, Ethereum is trading at $1,989.35 – a drop of 5.29% in the past 24 hours. Overall, the total crypto market is down by 2.85%. Casper (CSPR) is in the green at 2.45% as of 10am BST at the time of writing on 19 April, along with Zilliqa (ZIL) at 1.46%, Synthetix (SNX) at 0.70%. Arbitrum (ARB) has dropped by 12% on yesterday, along with Frax Shares (FXS) at 10.76%, The Graph (GRT) 9.3% and Avalanche at 9.2%.

Bullish trader Crypto Kaleo is seeing the positive side. “Remember dips are gifts,” he has tweeted.

Jo is an experienced Head of News with an eye for spotting the latest key trends in the market and jumping on them. She has previously worked in New York and London as Editor for two crypto exchanges where she managed large teams of writers covering every aspect of the digital asset space. She has also added feathers to her cap with senior editorial roles at the Financial Times and News UK, which has equipped her with the nous to steer a newsroom through the constantly changing world of crypto. With her passion for breaking news, together with a well-connected network of industry contacts, she is perfectly placed to push the buttons at the helm of the CoinNews headline desk.

Most Read News