Bitcoin’s Value Plummets to $66K in Flash Crash, Leaving Investors Bewildered

Bitcoin (BTC) took a major hit today, dropping to its lowest point in 10 days at $66,045, resulting in an 8% decrease in value. This decline sparked a wider correction throughout the cryptocurrency market, causing the top ten alternative coins to also experience corrections ranging from 6% to 12%. Additionally, the global crypto market has witnessed a 6% decrease in its market capitalization, which now stands at $2.5 trillion after just a few hours.