Crypto Markets Lost $40B in 2 Days as BTC Plummets Toward $28K (Market Watch)

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SHIB, BCH, and UNI are among the poorest performance in the past 24 hours.

Bitcoin’s price action took another hit in the past 24 hours, and the asset plummeted to $28,300 for the first time in roughly two months.

The altcoins have suffered even more, with ETH slipping below $1,800 and the total market cap losing another $20 billion daily.Bitcoin spent most of last week trading sideways in a tight range between $29,200 and $29,500. It was its most impressive price increase on Monday followingHowever, the tidesquickly after that, and BTC started losing value rather quickly. It found itself dipping to $29,000 by Tuesday, but the landscape worsened in the past 24 hours.

The bears took complete control over the market and pushed the cryptocurrency south even more. This time, the asset fell to $28,300, which became its lowest price tag since mid-June.This 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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