Bitcoin Plunges 18% In An Hour: Could Leverage Kill This Bull Market?
When Bitcoin (CRYPTO: BTC) sneezes, other cryptocurrencies catch a cold. That's just the way it is. The world's first, and largest cryptocurrency by market capitalization, Bitcoin is often viewed as a gauge of the health of the broader crypto markets.
Early Saturday morning, Bitcoin fell approximately 18%, to as low as $42,875 as of 12:30am ET. This decline happened over a one hour period.
Since then, Bitcoin has recovered some of these losses, though the token does remain significantly below the $55,000-$59,000 range the token traded in for much of the past week.
Source Fool.com
