Bitcoin and Ethereum fell as much as by 6% and 10% respectively, pushing other major cryptocurrencies to record losses. Right now, Bitcoin is finding support at the $7,000 level and if in the next few hours, it regains the $7200-$7300 level, then we will witness some stability in the market. And, if it breaks below the $6,800 level, then its affect will be negative, indicating the reversal of bullish sentiments and then the market is likely to drop further to the $6,000 leve
Bitcoin and the other cryptocurrencies which were through a slow and steady movement to the higher levels in the past few sessions today experienced a sharp fall, eroding all the market gains in 30 minutes time span.
-may be due to :- Market manipulation...and some other factor.