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Crypto Market Sheds $80B in Hours: BTC Struggles at $20K, ETH Amid $1K (Market Watch)

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The crypto markets have seen another $80 billion gone as BTC fights to stay above $20,000 and ETH is at just over $1,000.

The adverse price movements in the crypto markets just don’t seem to stop as bitcoin took another leg down and is close to breaking below the $20,000 mark. Some altcoins are in even worse shapes, with TRX dumping 25%, while ETH could fall beneath $1,000.It was just last week when the primary cryptocurrency was aiming high and challenged $32,000 on a few occasions. However, it failed there and returned to a familiar ground of around $30,000.

The US inflation numbers from Friday sent BTC south by a thousand dollars before the situation worsened during the weekend. In just a few days, the asset fell to $26,000, but even more pain followed. Bitcoin dropped by $3,000 on Monday to a multi-year low and, after a minor recovery session yesterday,

to $21,000. The landscape today is bearish as well. BTC is currently under that level and is close to breaking below the 2017 ATH of $20,000.

 

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