According to the latest data, the price of Bitcoin (BTC) experienced a sudden decline from the level of $ 28,000, which it generally watched during the day, and fell to approximately $ 25,150.
It is thought that the reason for the recent sudden decline is the news made by the Wall Street Journal and that Elon Musk's company SpaceX claims to have sold 373 million dollars in Bitcoin. However, let's underline that these sales are only newly learned and it is not known when the actual sales time is.
In addition, Evergrande, once the largest real estate company in China, filed for bankruptcy. The decline in Bitcoin price deepened after the news spread that Evergrande had filed for bankruptcy.
The filing under Chapter 15 of the US bankruptcy law comes after China Evergrande decided to postpone its meetings for Hong Kong CEG Class A and Class C debt holders to allow more time to consider a new restructuring plan. Trading in China Evergrande shares was suspended on March 21 last year.
In addition, the US stock market closed the day in negative territory. The Nasdaq fell more than 1%.
According to Coinglass data, there has been a total of $703 million in long liquidation in the cryptocurrency market in the last hour. The majority of liquidations took place in Bitcoin with $201 million and Ethereum with $182 million.
*Not investment advice.
