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Bitcoin: Reasons why BTC crashed below $18,000 during the weekend

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Bitcoin’s crash in the second week of June appeared to have been equivalent if not more intense than its crash in May. The May crash was triggered by LUNA and UST’s death spiral, but the market did not have such a major black swan in June.

There were a few FUD-inducing headlines that seem to have been enough to encourage major BTC sell-offs.It has emerged that some Bitcoin ETFs offloaded a significant amount of Bitcoin last week.

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