What happened to BitTorrent?

Traders who bought BitTorrent at its top, believing that the Justin Sun-backed token would keep on pumping, are now facing huge intraday losses. The BTT/USD exchange rate crashed by more than 40 percent after setting up a record high of $0.0134, questioning catalysts that prompted BitTorrent’s explosive upside move in the first place.

Why did Bitcoin crash?

Occasioned by the fall of the UST stablecoin and LUNA, panic in the crypto markets led to the crash of the leading crypto asset, Bitcoin. Bitcoin briefly dropped to $28,000 within the past week after reaching over $40,000 in March 2022. Bitcoin price has not touched the $28,000 price range since July 2021.

Why is the BitTorrent token price slump causing a meltdown?

There are several reasons behind the BitTorrent token price slump. Let us consider a few of these factors. Bitcoin is the first and most important digital currency in the crypto markets. As a result, a drop in its value will generally lead to a meltdown in the crypto markets.

How does coins crash work?

CoinsCrash is an online multiplayer bitcoin gambling game consisting of an increasing curve that can crash anytime. It's fun and thrilling. It can also make you millions. How does it work? Place a bet. Watch the multiplier increase from 1x upwards! Cash out any time to get your bet multiplied by that multiplier.