Yesterday’s brief price pump was short-lived as bitcoin reversed its trajectory and slumped below $19,000 to mark a multi-week low.
The alternative coins, many of which registered impressive increases yesterday, are also deep in the red today, with ETH erasing all recent gains.Ever since bitcoin lost the coveted $20,000 line at the end of last month, the asset had remained relatively quiet, with a few unsuccessful attempts to reclaim that level.to a daily high of $20,300. However, it failed there and quickly returned beneath it.
The situation worsened in the past 18 hours when the cryptocurrency plunged by over $1,000. As a result, it dropped to a six-week low of just over $18,500 hours ago.This is all you need not to miss any price action in the raging crypto markets. Start receiving this recap, for free, every day:Despite adding a few hundred dollars since then, the asset still struggles below $19,000.
The lower- and mid-cap alts are in no better shape. As a result, the cumulative market cap of all crypto assets has seen $60 billion gone in a day, and the metric is down to $940 billion.
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