Big news in the world of cryptocurrency! Bitcoin, a type of digital money, had a bad day. Its price dropped to its lowest point in three months. This made other cryptocurrencies go down too. Lots of people decided to sell their Bitcoin.
- Many people took their money out of Bitcoin funds (like special bank accounts for Bitcoin).
- This was the biggest one-day sell-off ever for these Bitcoin funds.
- One fund, Fidelity's, lost a huge amount of money – over $300 million!
| Fact | Number |
|---|---|
| Bitcoin's lowest price | Below $87,000 |
| Total money pulled out of Bitcoin funds | $937.78 million |
| Money pulled from Fidelity's fund | $344.65 million |
Experts think this happened because the profit from a special trading strategy went way down. It used to be much more profitable, but now it's not as good as just keeping your money in a normal bank account.
