Bitcoin Crashes to 6-Week Lows as Crypto Markets Shed $60 Billion
The crypto market cap saw $60 billion gone daily as bitcoin slumped to a 6-week low while ETH plummeted by nearly 10%. Yesterday’s brief price pump was short-lived as bitcoin reversed its trajectory and slumped below $19,000 to mark a multi-week low. The alternative coins, many of which registered impressive increases yesterday. Ever since bitcoin lost the coveted $20,000 line at the end of last month, the asset had remained relatively quiet, with a few unsuccessful attempts to reclaim that level. The latest such example came yesterday when BTC pumped to a daily high of $20,300.
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