Learn How To Convert Bitcoin To Cash The Bitcoin price dropped from $10,000 to $8,100, liquidating $200 million worth of shorts. Here are three factors that triggered the fall. The three key reasons that triggered the immense Bitcoin correction were: strong multi-year resistance area above $10,000, whales moving to short the market on baybit.io, and extreme volatility heading into the halving.

By 18:14 on the West Coast, service had been restored for the San Francisco-based company's consumer and professional trading sites. Reached Saturday evening, a spokesperson for sell Bitcoin to Credit Card or Debit Instantly declined to comment beyond what was on the status page, which said the exchange was monitoring the situation.

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Miners in Europe Gear Up for Bitcoin Halving, but Energy Costs Still a Barrier

As the halving approaches, miners in Europe face a serious challenge: Can they survive the event, and will the industry be good