Crypto Prices Dip On May 1, Why Bitcoin Price Risks Crashing To $45-49K?

The crypto market bulls began to lose grip as the crypto market cap tumbled from $2.34 trillion to $2.13 trillion, causing investors to lose another $210 billion after a massive $250 billion liquidation in the last few days. Bitcoin price plunges to a low of $51,120 on Wednesday, down 10% over 24 hours and 17% in a week. Traders anticipate a further drop in BTC price to as low as the $47K level.