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Crypto Markets Shed $130 Billion as Bitcoin (BTC) Slumped to 9-Day Low (Market Watch)

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Bitcoin took yet another turn for the worse in the past day or so as it dumped to its lowest price position in over a week of $58,100 earlier today.The primary cryptocurrency had a highly positive end to the previous business week, which was overall sluggish up until Friday. That’s when the positive developments on US soil, including the Fed Chair’s promise to cut the interest rate and RFK’s endorsement of Donald Trump, sent it flying by over four grand in less than a day.

However, that’s where the progress stopped and the asset started to lose traction. It had declined to around $63,000 by yesterday, but the bears took complete control and initiated a massive leg down in the past 12 hours.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 recovering some ground and currently trading about a grand higher, BTC is still 5.5% down on the day and its market cap has declined to $1.

As expected, the ever-volatile meme coin sector has been hit the most. You can check some of the massive losers The cumulative market cap of all crypto assets is down to $2.170 trillion. This means that the metric has dumped by $130 billion since yesterday and more than $200 billion since Monday.Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.

Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.

 

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