$536M In Sell Pressure: Why Bitcoin And Ethereum Prices Crashed
The cryptocurrency market has been hit with another wave of sell pressure as both the Bitcoin and Ethereum prices plunged sharply, triggering widespread panic and uncertainty. With over $536 million in Spot Bitcoin ETF outflows in a single day, the downturn has sparked renewed fears of an extended bearish phase. Analysts are calling this correction a “Bloody Friday,” a less but still severe reflection of last week’s brutal selloff that wiped billions in the market and saw BTC and ETH spiraling downwards. Related Reading: Biggest Shiba Inu Burn In Months — And It Came From A Coinbase....
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