‘Why is Bitcoin, crypto down?’: Panic after sudden crash; ‘risky start to December’

Several investors on Sunday complained about a sudden crash in several cryptocurrencies, including Bitcoin and Dogecoin. “What is Bitcoin down today?” one of them asked on social media. Another one added: “Is there a reason behind this crash?”

A screen showing the prices of Bitcoin against US dollar displayed at a cryptocurrency exchange store in Hong Kong(Bloomberg)
A screen showing the prices of Bitcoin against US dollar displayed at a cryptocurrency exchange store in Hong Kong(Bloomberg)

At the time of writing this story, Bitcoin was down about 3% in the last hour. Ethereum was down over 4.5% in the same period, as per price tracking website CoinMarketCap.

“Crypto off to a rough start as nearly $400,000,000 longs were liquidated in the last hour,” one person posted on X, platform formerly known as Twitter.

“Not sure who…

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