The Right Place to Buy, Exchange and Borrow against Your Crypto.

Get Started
On-chain analysts explain why Bitcoin suddenly dropped 16% in 6 hours On-chain analysts explain why Bitcoin suddenly dropped 16% in 6 hours

On-chain analysts explain why Bitcoin suddenly dropped 16% in 6 hours

The price of Bitcoin declined by 16% in six hours after an explosive rally to above $34,000.

On-chain analysts explain why Bitcoin suddenly dropped 16% in 6 hours

Photo by iam_os on Unsplash

The price of Bitcoin declined by 16% in six hours after an explosive rally to above $34,000.

The correction occurred as the derivatives market became extremely overheated.

To read the rest of this article, sign in or join CryptoSlate Edge.

Get an Edge on the Crypto Asset Market

As the crypto market is constantly changing, CryptoSlate Edge is a yearly membership oriented to helping you become a more knowledgeable investor and better decision-maker.

Here's what's included in your membership:
Exclusive Articles

Be the first to read the most compelling stories high-level insights.

Private Discord Community

Communicate directly with our journalists in our private Discord.

Ad-Free Experience

We hide all advertisements for a clean and fast user experience.

Pay with Crypto ($228)
BTC · ETH · USDC · DOGE · LTC · DAI · BCH