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Crypto Correction Continues as Bitcoin Dives Below $44K (Market Watch)

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The cryptocurrency market is painted in red all throughout the past 24 hours as Bitcoin dipped below $43K while altcoins chart considerable losses.

The cryptocurrency market has taken a u-turn in the past couple of days as prices tumble across the board. Most assets are trading well in the red, with BTC crashing below $44K.The past few days haven’t been particularly rewarding for cryptocurrency holders as the prices have dipped across the board.

Bitcoin even reached a daily low of $42,727 on Binance before bouncing a bit and recovering above the $43,000 mark, where it’s currently trading around $43.5K.With this in mind, the cryptocurrency has lost a total of 7.5% in the week, albeit the majority of this came in the past two days. It’s also worth noting that the past 24 hours alone saw almost $100 million worth of liquidated BTC positions where, naturally, the majority are longs, representing over 82% of the total liquidations

 

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