Bitcoin World's largest crypto currency just seen the biggest drop after a historic raise
Bitcoin was heavily brought by both retail and institutional investors
Companies holding significant amount of bitcoin lost billions in matter of hours
Institutional investors have heavily invested in bitcoin and after a flash crash they lose over $13 billion
However bitcoin again bounced up from the short crash and recovered some of its price
Bitcoin earlier dropped from $58,000 per coin to $48,000 in matter of just 24 hours
This was the largest single day crash in value for the currency
According to Bitcoin Treasuries website bitcoin was held by 41 companies and institutional investors
The total bitcoin held by those companies were worth over 76 billions dollars untill yesterday however it's worth around 64 billion dollars right now
Over $13 billion dollars worth of bitcoin was lost in matter of hours
However bitcoin did bounce back little after the crash recovering from $48,000 to $53,000 per coin
Making the total investment value in bitcoin by institutional investors to $71 billion again from $63 billion
?? Buy Sell Bitcoin and Crypto Currency with 10% bonus on every trade (Worldwide)
https://www.binance.com/en/register?ref=XB0V10I4
?? Trade/long/short Bitcoin, Crypto, Stocks, Commodity With Low Fee and No (0%) Withdrawal Fee (worldwide)
https://ftx.com/#a=4654775
