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Bitcoin crashes through $45k but investors aren’t done buying the dip
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Just days ago, bulls were celebrating the fact that Bitcoin had climbed over the $45k resistance and seemed ready to take on $48k. However, the tables turned rapidly and Bitcoin crashed through not just the $45k level, but the $44k level as well. The crypto community is panicking, but there’s more to take notice of first.
At press time, the flagship coin was trading at $43,503.05, after falling by 4.16% in the last 24 hours and diving by 7.96% in the past week. This naturally left many reeling from shock and the exchanges bore the brunt of traders’ decisions.
According to Glassnode, daily on-chain exchange volume on 7 April saw a spike in Bitcoin outflows, as around $406.8 million left the exchanges.
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