Bitcoin faced another violent rejection at the six-digit entry mark, which pushed it south hard as the asset dumped toward $94,000 on Monday evening.
The altcoins crashed even harder, with numerous double-digit price losers, before they were able to catch their breath and recover some ground.yesterday morning that BTC had fallen further away from the $100,000 level after surging past $101,000 on Sunday. Hours later, though, the asset breached into six-digit territory, but it was a short-lived move.another mindblowing bitcoin purchase, the cryptocurrency actually dumped hard in value and slumped by roughly six grand in hours.
Nevertheless, the asset managed to bounce off almost immediately and now sits above $97,000. This massive volatility harmed over-leveraged traders, with more than 500,000 such market participants getting wrecked on a daily scale. The total value ofThis is all you need not to miss any price action in the raging crypto markets. Start receiving this recap, for free, every day:For now, the BTC market cap has declined to $1.930 trillion.
Larger-cap alts like ETH, SOL, and BNB have dropped by around 3-4%. XRP dumped beneath $2 briefly during the crash, and even though it stands at $2.2 now, it is still 7% down on the day.The total crypto market cap went from $3.9 trillion to well below $3.6 trillion before settling at just over the latter. Thus, the metric is down by $300 billion daily.Disclaimer: Information found on CryptoPotato is those of writers quoted.
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