Bitcoin (BTC) Crashes Below $27K On These Three Factors

-BTC’s recent crash was triggered by higher-than-expected U.S. inflation data.

-There were also other factors driving investors out of crypto, including a possible implosion of the Terra blockchain.

-BTC is now on the verge of losing nearly 66% since a record high hit in November.

-Veteran analyst Peter Brandt sees $27,000 as a possible low.

-The Fed’s hike earlier this month had also caused heavy losses in BTC.

-Given that BTC’s correlation with U.S. stock markets is at a record high, it seems likely that losses in equities spilled over into the token.

-The pace of losses in risk markets is yet to slow down.

crypto bitcoin Bitcoin (BTC) Crashes Below $27K On These Three Factors
Bitcoin (BTC) Crashes Below $27K On These Three Factors 2

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