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3 Reasons Why Bitcoin Price Has Crashed $350 Today

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Bitcoin declined over $350 on Thursday, losing about $300 in less than 30 minutes. Here are three possible reasons behind the bearish move.


Whales at Work Again

Yesterday, Twitter user Whale Alert reported that 7,800 BTC worth about $79 million was transferred from one unknown wallet to another unknown wallet. After about 4 hours, the same amount moved again, bringing the total size of the transfer to 15,600 BTC or about $158 million.

While we don’t know whether those transactions involved crypto exchanges, whales might be interested in dumping Bitcoin gain ahead of the Bakkt launch. The Bitcoin futures trading ...

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