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Why is Bitcoin price down today? By Cointelegraph

Photo of Jake Jake Send an email March 4, 2023
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Why is Bitcoin price down today?

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© Reuters.

The price is down today as cryptocurrency markets react to fresh FTX fallout and BTC bulls fail to defend already weak support.

1-day candle chart (Bitstamp). Source: TradingView

Bitcoin (BTC) fell 5% in a single hour overnight into March 3, dropping to its lowest levels in over two weeks, data from Cointelegraph Markets Pro and TradingView shows.

BTC/USD annotated chart. Source: Credible Crypto/ Twitter
BTC/USD annotated chart. Source: Skew/ Twitter
BTC liquidations chart. Source: Coinglass