Bitcoin’s crash to $65k causes meltdown for alts

Bitcoin’s crash to $65k causes meltdown for alts

Bitcoin’s (BTC) value plummeted below $66,000 on April 12, a stark drop from its $71,000 peak earlier in the day, as a wave of selling hit the crypto and equities markets, causing some altcoins to fall more than 15% in a matter of minutes.
The decline mirrored a broader selloff across asset classes amid heightened global economic uncertainties and geopolitical risks.
Bitcoin has slightly recovered since the violent drawdown, trading at around $67,300 as of press time, based on CryptoSlate data.
Ethereum, the second-largest crypto by market capitalization, fell 12% to $3,100 before paring some losses to close 8% lower at $3244 as of press time.
Meanwhile, BNB and Solana (SOL) dropped almost 14% before recovering some losses. Both tokens were down roughly 12% over the past 24 hours as of press time — trading at $593 and $153, respectively.
Smaller cryptocurrencies faced even steeper declines, with tokens like Cardano (ADA), Avalanche (AVAX), and Bitcoin Cash (BCH) recording losses r

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We współpracy z: https://cryptoslate.com/bitcoins-crash-to-65k-causes-meltdown-for-alts/

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