Bitcoin price plummets by 14% in April, biggest drop since november 2022
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Technology
May 01
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Bitcoin experienced a significant 14% decline throughout the past April, marking the highest loss since November 2022, coinciding with the FTX crisis involving Sam Bankman-Fried.
According to data from CoinMarketCap, Bitcoin's price unexpectedly plummeted on May 1st and is currently trading around $60,200 USD/BTC. At times, the value of the world's largest cryptocurrency breached the $60,000 USD mark and dipped close to $59,000 USD/BTC. As a result of this correction, Bitcoin's
What caused the significant decline in Bitcoin's price in April?
Regulatory crackdown
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Introduction of new cryptocurrencies
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FTX crisis involving Sam Bankman-Fried
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On which day did Bitcoin's price experience a sudden drop?
How much did Bitcoin's market capitalization decrease by due to this correction?
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