Quite interesting things are happening in the cryptocurrency market right now. According to TradingView data, the price of Bitcoin first fell below $ 6,000 in the past hour, then began to move towards $ 7,000 again.
What’s going on?
It is difficult to say for now what exactly this movement in the crypto money market is due to. However, the fact that the price of BTC changes hundreds of dollars in an hour surprised many people.
The fact that bitcoin price has declined from 7 thousand 100 dollars to 5,500 dollars in just half an hour will undoubtedly lead to various controversy.
As can be seen from these posts shared on social media, BTC price fell from $ 7,500 to $ 5,500 in just half an hour. According to current data, BTC price has reached the level of 6 thousand dollars for now. It should be noted, however, that the BTC price is still not fixed.
At present, it is very difficult to try to follow the price of Bitcoin from TradingView. Because hundreds of dollars of changes can occur in seconds within the price.
It is not known exactly what caused this fluctuation in bitcoin price, but popular names like The Wolf of All Streets say it was triggered directly by Bitcoin whales.