Why is Bitcoin price down today? By Cointelegraph


© Reuters.

The price is down today as cryptocurrency markets react to fresh FTX fallout and BTC bulls fail to defend already weak support.

1-day candle chart (Bitstamp). Source: TradingView

Bitcoin (BTC) fell 5% in a single hour overnight into March 3, dropping to its lowest levels in over two weeks, data from Cointelegraph Markets Pro and TradingView shows.

BTC/USD annotated chart. Source: Credible Crypto/ Twitter
BTC/USD annotated chart. Source: Skew/ Twitter
BTC liquidations chart. Source: Coinglass