3 reasons why Bitcoin suddenly dipped under $10K today — and recovered By Cointelegraph

3 reasons why Bitcoin suddenly dipped under $10K today —


3 reasons why Bitcoin suddenly dipped under $10K today — and recovered

The price of (BTC) dropped to sub-$10,000 across major exchanges again on Sep. 5, marking two consecutive days of testing the crucial level. Other major cryptocurrencies, including Ethereum’s Ether (ETH), fell by nearly 10%.

Three factors likely contributed to the abrupt drop of Bitcoin include miners, a strong dollar and whales taking profits.

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