Bitcoin collapses to $ 9,300 in just 5 minutes
Bitcoin crashed nearly 9% in minutes.
On BitMEX, the price sold up to $ 8600.
The exchange rate situation is still unstable.
International consortium of news organizations developing transparency standards.
Bitcoin price fell from $ 10,160 to $ 9,300 in just a few minutes.
The cryptocurrency dump, which began at 17:45 Moscow time, took only five minutes, but this was enough to bring down the bitcoin price by almost 9%.
According to the resource CoinMarketCap, at the time of writing the material, the bitcoin rate is $ 9514.
At the same time, the lowest rate is observed in the BitMEX cryptocurrency exchange. There, the price of bitcoin fell to $ 8600, but within five minutes it recovered to $ 9450.
BitMEX often stands out from other cryptocurrency marketplaces with trading activity.
Earlier, the editorial staff of BeInCrypto wrote that in February the price of bitcoin fell to $ 8,500, liquidating long positions in bitcoin by more than $ 150 million.
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Back in April, BitMEX CEO Arthur Hayes said that Bitcoin is highly likely to bottom out again at $ 3,000 before a long-term bullish trend sets in..
However, while for some, the collapse in the price of bitcoin carries an exclusively negative connotation, for others, the fall in cryptocurrency is an excellent opportunity to capitalize on market volatility..
For such cases, the BeInCrypto editorial team has already compiled 3 key ways to protect a cryptocurrency portfolio during a bear market.
If the bitcoin rate on most exchanges can gain a foothold below the psychological support mark at $ 9100, the cryptocurrency has every chance of collapsing up to $ 8600.
What do you think? Can cryptocurrency stay in the $ 9000 range? Share your thoughts with us in the comments and join the discussion in our Telegram channel.
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