Bitcoin’s April plunge leads to $2.92 billion in spot outflows | Bitcoin ™️ | BTC | News

Bitcoin’s April plunge leads to $2.92 billion in spot outflows

Bitcoin faced massive selling pressure in April 2024, recording its most significant monthly decline of 15% since November 2022, when it dropped over 16%. CryptoSlate previously analyzed the factors contributing to the dip, finding that the conclusion of the US tax season, compounded by various economic factors, prompted the sell-off. However, Bitcoin rebounded most of its losses in April and May.

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