Bitcoin failed at decisively overcoming $25,000 once again yesterday, and the subsequent rejection brought it back down to just below $24,000.
Most altcoins have suffered even more on a daily scale, with MATIC, OKB, SOL, and several others dumping by around 7%.The past several days, more precisely since the end of last week, were highly volatile for the primary cryptocurrency. It skyrocketed to and beyond $25,000 on Thursday, registering a six-month high, before dumping just as rapidly to under $23,500.coming yesterday. It took bitcoin all the way up to $25,200, but the asset failed once again.
This nosedive came amid the crash on Wall Street. The three most prominent US stock market indexes all closed in the red. The S&P 500 and the Dow Jones declined by 2% in a day, while the Nasdaq Composite dropped by over 3%.This is all you need not to miss any price action in the raging crypto markets. Start receiving this recap, for free, every day:BTC’s latest price drop has taken the asset’s market capitalization down to $465 billion.
More daily losses are evident from Cardano, Polkadot, and Shiba Inu . MATIC and Solana have lost the most from the top 15 alts, declining by more than 6% in a day. Dogecoin, Litecoin, and Avalanche have charted insignificant gains. However, Filecoin has resumed itsOverall, though, the total crypto market cap saw roughly $50 billion gone at one point and has dropped beneath $1.1 trillion on CMC.