That could be one thing that caused people to panic. For me its the traders aka whales they're the ones behind this price down. Maybe people started dumping some of their
BTC to secure their profit when the price went $9800 or probably moved to a different altcoin they wanted to pump. This is just normal with Bitcoin we've seen worse price downs and at least it didn't went below $9,000.
no one knows why bitcoin prices can go down or up.
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