Top 5 cryptocurrencies to watch this week: BTC, VET, SOL, EOS, FTT
Cointelegraph
Published Apr 18, 2021 02:56PM ET
Updated Apr 19, 2021 05:00PM ET
Bitcoin (BTC) price witnessed a sharp dump to $50,900 on April 18, which some analysts attribute to a drop in hash rate and rumors of possible action by United States regulators against unnamed “financial institutions” alleging crypto-related money laundering.
While it is difficult to pinpoint a single reason, the sale of roughly $5 billion worth of COIN stock by Coinbase executives could have also played a major role in the fall. Insider selling, especially just a few days after a high-profile listing is considered a bearish sign.
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Written By: Cointelegraph
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