BTC Price Plummets $800 in an Hour

Cointelegraph

Published Feb 19, 2020 08:45PM ET

Updated Feb 19, 2020 10:22PM ET

BTC Price Plummets $800 in an Hour

Bitcoin (BTC) took an unexpected dive today, plunging $600 in a matter of minutes. The plunge saw 15 of the 20 largest crypto assets by market cap down 5% or more on this time yesterday.

The price drop began around 21:45 UTC when Bitcoin lost $800 in an hour. More than $100 million worth of long contracts were liquidated on BitMEX alone during the plunge. Joe Vezzani, the founder of crypto social analytics platform LunarCRUSH, tweeted:

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