The crypto market is down today, with Bitcoin dropping by more than 10% in the last 24 hours.
The crypto market is down today, with Bitcoin dropping by more than 10% in the last 24 hours. The price of BTC fell from $10,600 to $9,400 on October 27th. This isn’t the first time that Bitcoin has seen a drop like this. In fact, it’s not even the biggest drop that we’ve seen in recent months. Over the past few weeks and months, BTC has been steadily climbing back up after hitting a low of $5,500 on September 14th. The same can be said for most other cryptocurrencies as well.
This latest dip could be due to several factors. Some analysts have pointed to the arrest of an alleged cryptocurrency scammer as being responsible for some of the price drop over the past day or so. Others have speculated that it could be due to traders trying to cash out their profits before another wave of regulation hits them hard.
