After yesterday’s massive crash in the crypto market, bitcoin is still not out of the woods as the asset dropped to $41,000 hours ago. Most altcoins are in a similarly adverse position with a few exceptions, such as ATOM, which is up by more than 16% in a day.yesterday the substantial market crash, in which the primary cryptocurrency plummeted by double-digit percentages from $47,000 to below $43,000.
This came after several consecutive days of sitting relatively calmly around $47,000. Following this painful drop, BTC remained just above its intraday bottom, but the situation worsened hours later. The asset went south once more and lost another $2,000 of value. This resulted in a drop to another three-month low, this time at precisely $41,000.
Since then, BTC has reclaimed some ground and even touched $43,000 before getting rejected and pushed to just over $42,000, where it sits now. As such, it’s approximately 2% down on the day, and its market cap has declined to $800 billion.This is all you need not to miss any price action in the raging crypto markets. Start receiving this recap, for free, every day:
Here is my market analysis if of interest, make sure you position yourself well in 2022:
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