Crypto Markets Lost $50B in 2 Days as BTC Slumped Towards $20K
Following the relatively calm weekend, bitcoin started to lose value gradually and dipped towards $20,000. Most altcoins are also in the red today, with the most notable drops coming from Solana, Avalanche, LEO, Matic, and Litecoin. The working week went rather well for the primary cryptocurrency.
However, that was short-lived as BTC started retracing soon after. It fell by over $1,000 almost immediately, tried to bounce off, but was halted in its tracks. As such, it spent most of the weekend trading sideways in a range between $21,000 and $22,000. As Sunday was coming to its end, though, the cryptocurrency began losing value and dropped below $21,000. Its nosedive continued, and bitcoin fell to a four-day low of just over $20,300. As of now, it has sustained above $20,000, but it’s 4% down on the day, and its market capitalization has declined below $400 billion.
Source
https://t.me/Bitcoin_NewsTg
