The price of Bitcoin dropped over 3% on Monday as investors engaged in panic selling due to upcoming macro events in the US and geopolitical tensions in the Middle East. Approximately $200 million worth of cryptocurrencies was liquidated, with $150 million from long positions. Despite this, other major altcoins are displaying more resilience and resistance to falling prices, likely due to the prevailing sentiment of altseason.
- Content Editor ( coingape.com )
- 2024-09-30
Why Is Bitcoin Facing a Price Fall?