The crypto markets saw another downturn as bitcoin dipped to just over $20,000 for the second time in the past few days. Most altcoins have also retraced on a daily scale, with ETH going below $1,100.The landscape around the primary cryptocurrency continues to be grim as the asset has lost approximately $10,000 in the past seven days. The start of this week brought more pain for the bulls as BTC stood around $27,000 before it began its rapid descent.
In just a matter of hours, bitcoin found itself dipping below $22,000 before it bounced off by a thousand dollars. However, the bears proved their dominance over the market and drove BTC south again. This time, it came just inches away from breaking below the coveted $20,000 mark.and spiked to $23,000 before it started to lose ground once again.
In the past 24 hours, the cryptocurrency dropped to a low of $20,250 . As of now, it has recovered around $1,000 and sits at just over $21,000. Its market capitalization is at $400 billion, but the dominance over the altcoins has been further reduced to 44.3%.This is all you need not to miss any price action in the raging crypto markets. Start receiving this recap, for free, every day: