Bitcoin Price Crash Causes $1 Billion Liquidations

This is a US news story, published by CoinGape, that relates primarily to Nasdaq news.

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recent Bitcoin price crash

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recent Bitcoin crash

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Bitcoin price crashed 14% in past five days, prompting liquidations worth $1 billion

Summary

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57% Informative

Bitcoin price crashed 14% in the past five days , prompting liquidations worth $1 billion .

Worsening global economic conditions and fears of recession grip the markets after Friday 's weak job data.

The same bearish outlook can be seen across the US stock market, which has resulted in the Nasdaq dropping 2.4% and the S&P off 6% from its recent all-time high.

Bitcoin price forecast outlines that BTC could dip lower.

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English

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