Mmastodon BusinessCrypto first seen 4 h ago, last 4 h ago, peak #3
Bitcoin slumps to $83k as trading volume drops
Original: Bitcoin (BTC) price fell to $83k on Tuesday as 24-hour trading volume and transaction value fell sharply after investor
Bitcoin fell to $83,000 on Tuesday as 24-hour trading volume and transaction value dropped sharply amid negative investor sentiment. The sell-off has renewed debate about the cryptocurrency's near-term direction, with some commentators still bullish — financial planner Ric Edelman has reportedly set a long-term target price of $1 million per bitcoin despite the current downturn.
Why now: The sharp price drop and falling volumes are prompting debate over whether the downturn signals a longer crypto slump.
Evidence
API: https://socialmediatrends-api.osmike.com/v1/trends/391570