The Economic Times

Bitcoin crash explained: Why BTC USD plunged below $66,000 and why Citigroup says Strategy's BTC sale isn't the real reason for the crypto's price drop

Bitcoin crash reason explained: Bitcoin experienced a significant price drop, with Citigroup attributing the downturn primarily to substantial outflows from spot Bitcoin ETFs. Despite a notable sale by Strategy, analysts emphasize that ETF flows are the stronger indicator of market demand and price movement.