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Bitcoin Dumped Sharply After Retesting $20K: Crypto Markets Shed $60B (Market Watch)

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The crypto market cap is down by almost $70 billion daily as BTC and almost all alts are deep in red now.

The price of bitcoin headed straight south after briefly exceeding $20,000 on the highest trading volumes recorded for the past several months.

The alternative coins, which were riding high yesterday, have turned red today, except for QNT – 10% surge.Ever since last week’s price drop to $18,100 propelled by the US Fed’s latest interest rate hike, the primary cryptocurrency had calmed around $19,000. In fact, it spent most of the weekend there, with little to no movement.

Then came Monday, and BTC slipped to $18,600. However, the asset went on the offensive on Tuesday and spiked by more than $1,500 in hours. As a result, it skyrocketed to a

 

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