Crypto Markets Lost $100 Billion as Bitcoin (BTC) Dropped Below $56K (Market Watch)

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Bitcoin tried to take down $60,000 just yesterday morning but was stopped in its tracks and pushed south to a monthly low of under $56,000.It’s safe to say that bitcoin has seen better days. In fact, it tried to take down $65,000 just last Monday, but its inability to do so resulted in continuous price declines. At first, BTC slumped to $58,000 on Wednesday but recovered some ground by the end of the week and even challenged $61,000 on Thursday.

In fact, bitcoin shot up to $59,600 on Tuesday morning, but that was its best shot. It lost a grand almost immediately, but the landscape worsened earlier today when itThis is all you need not to miss any price action in the raging crypto markets. Start receiving this recap, for free, every day:It has recovered about a grand since then, but it’s still 4% down on the day. Its market cap has slumped to $1.120 trillion, and its dominance over the alts is under 54% on CG.

 

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