Bitcoin (BTC) recently registered its most considerable hourly loss of over 5% for the first time since the FTX blowout. The sudden price dip caused a ripple effect that saw several altcoins, including Ethereum (ETH), XRP, and Shiba Inu (SHIB) record even greater declines.

The firstborn crypto dropped by 5.42% between 01:00 and 02:00 (UTC) today, its biggest hourly decline since the November crash. Consequently, BTC’s market cap saw a loss of $22B. According to Santiment, this has triggered a “buy-the-dip” campaign from investors. Social platforms, including Twitter, Discord, Reddit, and Telegram, have seen an uptick in buy calls.

(By ALBERT BROWN)

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