Bitcoin (CRYPTO: BTC) lost 5% within only an hour late on Thursday due to the panic surrounding Silvergate Capital (NASDAQ: SI) followed by an intensive sell-off in the crypto market.
What Happened: According to data analytics firm Santiment, it’s been 4 months since Bitcoin saw a 5% or more drop in a single hour. With this streak broken, the recovery of Bitcoin will largely depend on how fearful the market is feeling in the aftermath.
Data from CoinGlass shows that $76 million …
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