Why is Bitcoin price down today?
Bitcoin price is down today as an uptick in liquidations and recent GBTC outflows negatively impact investor sentiment.
The price of Bitcoin dropped to $62,400 on March 19 as a broader market correction reinforced BTC’s resistance at the $68,000 level. BTC is now trading 15% below its $73,835 all-time high reached on March 14.
Bitcoin price fell under $63,000 on March 19, causing a marketwide sell-off that saw the global crypto market capitalization drop 8% over the past 24 hours to rest at $2.4 trillion, according to data from CoinMarketCap.
Other top 10 non-stablecoin cryptocurrencies are also flashing red, with Ether ETH $3,332 down 8.4% over the last 24 hours. Solana SOL $183, BNB $533, Cardano ADA $0.62 and Dogecoin DOGE $0.13 slumped more than 8% over the same time period.
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