Bitcoin's Price Volatility Continues to Confound Investors.

Bitcoin's value dropped by over 3% in just 15 minutes, falling below $30,000, with further declines taking it as low as $29,000. The sudden sell-off did not appear to stem from any immediate fundamental reason, but an unexpectedly high U.K. March inflation figure of more than 10% may have influenced market sentiment. More than $25 million in bitcoin futures were liquidated, with longs making up 98% of the positions. The slide led to a sell-off in the broader crypto market, with Ether, polygon, and dogecoin falling 5.3% in the past 24 hours and solana losing nearly 9%.