Crypto Market News Today, December 13: Why Is Crypto Down Just as the US Market Opens? Manipulation?
NegativeCryptocurrency

- The cryptocurrency market experienced a significant downturn on December 13, with Bitcoin's price plummeting by $2,000 within 35 minutes, resulting in a loss of nearly $40 billion in market capitalization and the liquidation of $132 million in long positions. This sudden drop coincided with the opening of the US market, raising questions about potential market manipulation.
- This decline is critical as it highlights the volatility and risks inherent in cryptocurrency trading, particularly for investors who may be caught off guard by sudden market movements. The liquidation of long positions indicates a lack of confidence among traders, which could further exacerbate market instability.
- The current situation reflects broader trends in the cryptocurrency market, where recent fluctuations have been influenced by macroeconomic factors, including Federal Reserve policies. Analysts have noted a pattern of profit-taking and heightened volatility, suggesting that investor sentiment remains fragile as they navigate the uncertain economic landscape.
— via World Pulse Now AI Editorial System







