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Crypto Markets Lost Over $200B as BTC Dumps to $57K Ahead of FOMC Meeting (Market Watch)

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The dire market conditions for all cryptocurrencies continue and have even worsened in the past few hours, as bitcoin dumped to another multi-month low of around $57,000.

After a brief pump, BTC headed straight south again in the past 1-2 hours. This time, the bears pushed it down to just over $57,000 as of now, which is the lowest price tag since February 28. The latest nosedive comes on the heels of the upcoming US FOMC meeting, which is something that typically leads to lots of volatility in the market.This is all you need not to miss any price action in the raging crypto markets.

 

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