Crypto Markets Lost $60B in 2 Days as Bitcoin Slipped Below $20K (Market Watch)

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The crypto market cap has lost over $60 billion in two days as the entire landscape has turned red once again.

After struggling to remain above the coveted $20,000 line yesterday, bitcoin finally dipped below it earlier today. Most altcoins are also well in the red on a daily scale once more, with ETH, SOL, DOGE, and SHIB painting notable losses.Bitcoin tried to recover some of the recently lost value last week and jumped from the 18-month low of $17,500 to around $21,000.

However, BTC failed to continue upwards and retraced to just under $21,000. It tried to reclaim that level in the following hours but was stopped in its tracks.$20,000 but managed to sustain above it yesterday. Today, though, the situation changed, and BTC found itself slipping below that round-numbered milestone hours ago. As of now, it trades around that line as well, and its market cap has plummeted further below $400 billion.

 

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