Bitcoin fell to $62,006 on Binance on Sunday, its lowest price in about three months. The world’s largest cryptocurrency has lost about 15% in 11 days. Over the same stretch, American investors pulled $1.91 billion out of US-listed Bitcoin funds.
Binance co-founder Changpeng “CZ” Zhao listed six possible reasons on Sunday, but opened with a warning.
“Why are crypto prices down? No one knows for sure. Correlation does not prove causation,” he warned.
How Far Has Bitcoin Fallen?
Bitcoin traded near $87,000 in late September. It was still around $81,000 on November 4. It slid below $70,000 on Friday and touched $62,006 on Sunday…
