Cryptosphere blood bath: why bitcoin fell

The Bitcoin price began to fall sharply on September 24th. In less than a day, it dropped from $9,800 to $8,300—almost 20%. The last time Bitcoin fell sharply in price was at the end of May 2019.

About the fall of Bitcoin in May 2019.

Source: TradingView

Managing Partner of DTI Algorithmic Alexander ButmanovLived by Pro Blockchain on September 25, 2019, he discusses the reasons for the fall of Bitcoin:

“I’ve been in the market for 14 years, and it’s been a while since I’ve been made to sweat.”

More on video:

5:09 — About the bloodbath in the cryptosphere

6:20 — A little advice for new crypto traders

7:20 — Who could be behind the fall of Bitcoin?

10:00 — How the fall of Bitcoin affected other cryptocurrencies

12:00 — How long will it take the market to recover from the fall?

16:29 — What to do with Ethereum

17:24 — Why Binance is suffering

22:51 — Where will the cryptocurrency market go next?

You can watch the video below or directly on our YouTube channel.

Alexander Butmanov on the reasons for the fall of the crypto market