After rallying as high as $10,000, Bitcoin fell off a cliff on Saturday. In the day prior to and in the hours after the closing of Saturday’s candle, the BTC price plummeted from $10,100 to a low of $8,100 — a drop of 20%. It was a move that liquidated over $1 billion worth of leveraged positions on futures exchanges, and one that enticed Bitcoin bears to gloat. As crypto analyst Joseph Young jokingly put […]
