Crypto Markets Lost $50B in 2 Days as BTC Slumped Towards $20K (Market Watch)

The crypto markets have lost just over $50 billion in the past two days. This comes as bitcoin’s recent drop towards $20,000.

Following the relatively calm weekend, bitcoin started to lose value gradually and dipped towards $20,000. Most altcoins are also in the red today, with the most notable drops coming from Solana, Avalanche, LEO, Matic, and Litecoin.The working week went rather well for the primary cryptocurrency, which overcame last weekend’s stalemate and$20,000. Moreover, the asset jumped to a three-week high of around $22,500 on Thursday.

However, that was short-lived as BTC started retracing soon after. It fell by over $1,000 almost immediately, tried to bounce off, but was halted in its tracks. As such, it spent most of the weekendAs Sunday was coming to its end, though, the cryptocurrency began losing value and dropped below $21,000. Its nosedive continued, and bitcoin fell to a four-day low of just over $20,300.

As of now, it has sustained above $20,000, but it’s 4% down on the day, and its market capitalization has declined below $400 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:

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Sports sponsorships sealed amid market turmoil as Man City inks deal with OKXDespite the current bear market, crypto and sports partnerships have been going strong, with fellow EPL team Everton also recently signing a match kit sponsorship with crypto gambling firm Stake. Man city should learn from Liverpool and get in on Polygon. That's where all the respectable football clubs are looking to go to with their names and products, using its superior tech to power their venture in the Web3 space. Buy through your credit or debit card altbaseApp is the most reliable source and best app for buying all the altcoin BSC btc I see that Manchester City is trying in every possible way to get money
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