Why did Bitcoin drop? Analysts point to 5 potential reasons


$ 86,706.6
€ 80,100.8
¥ 38,800.0
£ 67,011.5
BTC
3.09 %
$ 2,025.46
€ 1,870.95
¥ 906.21
£ 1,565.53
ETH
1.26 %
$ 218.10
€ 201.49
¥ 97.66
£ 168.42
XMR
1.12 %
$ 92.33
€ 85.29
¥ 41.33
£ 71.29
LTC
0.98 %

Bitcoin's price fell approximately 8% in a span of 10 minutes, leaving crypto investors scrambling to make sense of the drop.