$536M In Sell Pressure: Why Bitcoin And Ethereum Prices Crashed
NegativeCryptocurrency

The cryptocurrency market is facing significant turmoil as Bitcoin and Ethereum prices have sharply declined, driven by over $536 million in Spot Bitcoin ETF outflows in just one day. This sell pressure has created a wave of panic among investors, raising concerns about a prolonged bearish trend. Analysts have dubbed this downturn 'Bloody Friday,' highlighting the severity of the situation following last week's massive selloff that erased billions from the market. Understanding these fluctuations is crucial for investors as they navigate the volatile landscape of cryptocurrencies.
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