Why Bitcoin Crashed Over 10% in One Week

The crypto market went through another round of wild swings in early February after Bitcoin suddenly plunged to the low-$60,000s in just a few hours on Feb. 5, dragging the rest of the market down with it, before bouncing back to near $70,000.

As of Monday morning, the largest cryptocurrency by market cap is trading around $68,860, down 3.2% in the past 24-hours and almost 12% over the past seven days.

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