Cryptocurrency Q&A
How much did bitcoin drop in 30 minutes?
How much did bitcoin drop in 30 minutes?
Caterina
Fri Jul 12 2024
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5 answers
932
Good day, I'm here with a question about the volatile cryptocurrency market. Specifically, I'm interested in knowing: how much did bitcoin's value actually drop in a span of 30 minutes? This rapid fluctuation in price is often a topic of discussion among investors and traders, and I'm curious to understand the scale of such a drop. Could you elaborate on the percentage change or the dollar amount lost during that specific 30-minute period? Such information could provide valuable insights into the market's dynamics and help investors make informed decisions. Thank you for your time and consideration.
5 answers
CryptoLord
Sun Jul 14 2024
The broader crypto market, measured by the CoinDesk 20 Index, also suffered a loss of 1.8% in the hour following Bitcoin's peak.
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SamsungSpark
Sun Jul 14 2024
Historically, when Bitcoin breaks its all-time high, there is a tendency for the prices to rally for the subsequent days. This trend was observed in 2020, where Bitcoin rose from $20,000 to $24,200 in just a 48-hour period.
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CryptoWizard
Sun Jul 14 2024
BTCC, a cryptocurrency exchange based in the UK, offers a range of services to its users. These include spot trading, which allows investors to buy and sell cryptocurrencies at the current market price.
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DigitalLegend
Sun Jul 14 2024
Additionally, BTCC provides futures trading, enabling traders to speculate on the future prices of cryptocurrencies. This service allows for both hedging and leveraged trading opportunities.
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TaegeukWarrior
Sun Jul 14 2024
Bitcoin experienced a significant drop of 3.2% in its value within 30 minutes, resulting in a trading price of $66,100 at the time of reporting.
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