Some suggest a waning ETF narrative and economic data from the United States may have sparked the sudden crypto sell-off.
A sharp plunge in the price of Bitcoin (BTC) has caused crypto trader liquidations to top $661 million in the past 24 hours, affecting nearly 200,000 traders.
In early trading on March 15, Bitcoin shed 7.5% in just a few hours falling from $72,000 to $66,500.
The asset rebounded slightly to reclaim the $68,000 level before getting rejected there and falling further to around $67,500, where it was trading at the time of writing, according to data from Tradingview. The price is currently 8.3% down from its March 14 all-time high of $73,737.
