Bitcoin Dumps to 11-Day Low Beneath $20K as Global Markets Tumble (Market Watch)

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Following the bloodbath on Wall Street and the futures contracts in particular, BTC dropped to an 11-day low beneath $20K.

Bitcoin has taken another turn for the worse by plummeting below the coveted $20,000 mark. Most altcoins are also in the red today, with ETH close to breaking beneath $1,000 and Solana dumping by double digits.It was just during this past weekend when the primary cryptocurrency aimed higher and tapped a multi-day peak of just under $22,000. However, the bears reminded of their presence and didn’t allow any further increases.

Just the opposite, the asset began to lose value gradually and dropped by around $1,000 in the following hours. It tried to stand around $21,000 for a few days but failed andAlthough initially it sustained above that level, it almost felt inevitable that it will break below it. And so it did a few hours ago by plunging to an 11-day low of just over $19,000.

As of now, BTC continues to trade inches above that level, and its market cap has dumped to $270 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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