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The Economic Times
The Economic Times
Shreya Biswas

Bitcoin crash explained: Why BTC USD plunged below $66,000 and why Citigroup says Strategy's BTC sale isn't the real reason for the crypto's price drop

Bitcoin crash reason explained : For many investors, the sharp decline in Bitcoin over the past week raised one big question: what actually caused the selloff?

While some market experts pointed to Strategy's decision to sell 32 Bitcoin, analysts at Citigroup believe a much larger force has been driving the downturn. According to the bank, continued outflows from spot Bitcoin ETFs remain the biggest factor weighing on the market, as per a report.

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