Well actually it’s because of number of reasons.

1. BlockFi mistake.

• Cryptocurrency lending platforms accidentally sent BTC instead of dollars to their user in a promotional campaign.

The company said that it’s an incorrect promotion payout that sends BTC instead of dollars for a few of their customer’s WAULT. (Around 100 customers according to the company).bitcoin Crash

• BlockFi co-founder Zac prince said that it’s around $10million worth of BTC.

2.Fake NEWS about China banning crypto.

• In 2017 Chinese government banned all transactions regarding cryptocurrency.
• The crypto community thinks this is the same whale action causing panic and trying to buy the dip from noobies. 

3.Pancake bunny hacked.

• $1billion was stolen in a single transaction by an unknown user in pancake Bunny, Defi yield optimizer project built on BSC.
• Due to this, the token price dropped more than 97% in a matter of hours.
  The hacker used flash loan loot to BNB.
• The project team said that they are running point on this issue and more updates are yet to come.
  

4.Elon Musk Twitter war.

• Tech billionaire TESLA CEO Elon musk begins a war on Twitter with a couple of followers and it becomes a hate troll.
• In it, he accidentally tweets about Tesla’s dumping their BTC holding and crypto noobies start panic selling. This leads to mass panic mode while the BTC value starts dipping low for the bull run.bitcoin Crash

Guys don’t sell your crypto assets in a dip like this. just hold!!!