Bitcoin lost more than $4,000 in the past 48 hours after a dump below $48,000. The alternative coins are also in the red again, with Ethereum trading beneath $3,800 and Solana nosediving by more than 7%.It was just a couple of days ago when the landscape around the primary cryptocurrency seemed significantly more bullish. The asset had$50,000 after several unsuccessful attempts and went on to chart a three-week high of $52,000.
This is where the situation changed vigorously as the bears stepped up. Instead of going further north, bitcoin started to lose value rapidly, resulting in a price slide to $49,000, asAfter this $3,000 daily drop, BTC only continued heading south. In the past 24 hours, BTC found itself dipping to $47,200, which is the lowest price point since December 21st.
As of now, the asset stands just over that level and is nearly 4% down on the day. Somewhat expectedly, this enhanced volatility has resulted in massive pain for over-leveraged traders as the liquidations
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All good holding FTM
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