While the Bitcoin (BTC) price lost nearly 10% of its value in the last 24 hours, all eyes turned to possible reasons.
Bitcoin was traded at noon yesterday. 46.300 dollar from levels from 10% with a lot of decline to $41,200 fell to . The withdrawal in question Bitcoin not including Ethereum including major hard on altcoins caused declines.
Ethereum (ETH) price 2,460 to the dollar While regressing up to Cardano (ISLAND) For $0.527, Solana (LEFT) To $87, Ripple (XRP) to $0.552 And BNB to $290 fell to .
Why did Bitcoin fall?
Bitcoin price, US Securities and Exchange Commission (SEC) spot Bitcoin began to decline as expectations for ETF approval came true. Later spot ETFs Even though the start of trading caused an increase, the profit sales and stock markets Transfers towards the country deepened the decline.
Before the sharp decline occurred yesterday evening at TSI spot ETF One of the largest companies that received approval Grayscale to Coinbase 4 thousand Bitcoins His transfer was one of the reasons that deepened the decline.
Also, the total due yesterday $1.68 billion worth 36,000 BTC While there are options, these are average 0.9 Put Call ratio It consists of options. It is estimated that the option locks in question also had an impact on the decline.