Crypto Markets Lost $50B as Bitcoin Slumped to 6-Day Low (Market Watch)

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The crypto market cap is down by about $50 billion daily as bitcoin, as well as most altcoins, have turned red.

After the relatively calm weekend, in which BTC stood primarily around $23,000, the asset took a dip south and dropped to a 6-day low. The altcoins are also deep in the red today, with ETH, SOL, and MATIC plunging by more than 5%.It was just several days ago – last Wednesday – when bitcoin jumped above $24,000 to mark its highest price point in over a month. As the bulls were getting more excited about the prospect of bringing down the $25,000 line as well, though, the situation changed.

However, the bears regained control over the market hours later and pushed BTC south hard. As a result, the cryptocurrency fell by over $1,000 and dumped to a 6-day low of under $22,000.Alicia BakeryThis is all you need not to miss any price action in the raging crypto markets. Start receiving this recap, for free, every day:

 

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