Crypto Market Sheds $25 Billion With Bitcoin Losing 12% 15 Minutes
The Bitcoin (BTC) price plunged by 19 percent from $10,000 to $8,100 across major exchanges. The sell-off was so intense that Coinbase went down temporarily amid the drop.
During a span of 15 minutes, between 00:05 UTC and 00:20 on Sunday (May 10), which is approximately 48 hours before Bitcoin next 3rd halving, the average price of Bitcoin across the exchanges tracked by the CryptoRank Index dropped from $9,483 to $8,327, i.e. a loss of 12.2%.