• Drops to about $38K
• As investors are divided, the crypto market is chaotic.
• Analysts expect a larger drop.

Bitcoin plummeted to around $38K after a major crash that began a week earlier. Bitcoin reached $43K April 6, the day after it crashed. Bitcoin dropped to $43K on April 6.

Cryptocurrencies investors expressed conflicting opinions about the drop, as many major analysts are waiting for “the $36K drop”. Some investors also take advantage of this opportunity to invest more in the market.

Lark Davis, a YouTuber and crypto investor, offered a very unique point of view. In his YouTube video entitled, “Bad News For Bitcoin & Crypto,” the dip is caused by the white house stating that inflation numbers for March are extremely high.

Davis also shared the news on his official Twitter (NYSE:) account, where he commented, “White House is warning that the new inflation numbers for March are going to be “extremely elevated.” Feb was 7.9%, how bad will March be? 8.5%? Higher? It’s been fun guys…”

Davis posted another tweet over the past 24hrs, wherein he stated that Bitcoin remains strong at approximately $38K.

Haven’t looked at the charts all weekend. It’s great to see that #bitcoin is still at the top of the charts! pic.twitter.com/MiUYv8WWri

— Lark Davis (@TheCryptoLark) April 17, 2022

Crypto news Twitter account CryptoWhale shared a tweet regarding the late news, saying, “Bitcoin crashing… exactly as predicted!” The tweet had many replies expecting a bigger drop, where some commented, “call me at $9K” and “waiting for $14K.”

Bitcoin swings at $39K but other cryptocurrency are dropping. BNB, currently at around $2.9K and BNB around $400 is currently swinging at around $97.

Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. This article is not intended to be used as investment advice. CoinQuora advises its users to research cryptocurrency before making any investment.

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