Bitcoin Whales Feast As BTC Price And The Wider Market Melt down

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Panic selling crushes the entire crypto market, sending Bitcoin’s price to $30,000 for the first time since February, but data shows BTC whales bought the dip.

Data from Cointelegraph Markets and TradingView shows that the initial price dump that pushed BTC below the $43,000 support level on May 18 accelerated into the overnight trading session as $110 billion worth of trading volume fueled the wick down to $30,000.

The market downturn sparked outages and other delays across a few of the top cryptocurrency exchanges, and the prices of the vast majority of altcoins cratered alongside the price of Bitcoin, with Ether (ETH) briefly plunging to $1,900 and Dogecoin (DOGE) bottoming out at $0.236…

To read more visit CoinTelegraph.