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Whales Sink Price of Bitcoin

Written by:

Aaron Goldstein

Published on:

May/09/2020

The price of Bitcoin fell from a high of $9990 to $7995 before rebounding to $8656 late Saturday. This represented at 15% drop.

Coinbase suffered a brief outage when crypto prices plummeted Saturday afternoon.

From Decrypt.co:

Apparently, whales started liquidating their BTC positions in $2 million chunks just as the clock struck 5 PM in California. Bitcoin dropped from $9561 to $8570 in just under 30 minutes, before perking up to $8770, where it appeared to level off as of this writing.

- Gilbert Horowitz, Gambling911.com

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