Market Bloodbath: Bitcoin (BTC) Plunges Below $60K, Ethereum (ETH) Loses $3K

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Bitcoin has lost $60,000, but the worst might be yet to come for the largest cryptocurrency

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions.

This is the first time in more than a month that the price of the crypto king has dipped below $60,000. Bitcoin crashed to $59,313 on March 5 before recovering the following day and eventually hitting its current all-time high of $73,679 on the Bitstamp exchange on March 13. Ripple CTO Shares Unexpected Satoshi Nakamoto Statement, Major British Banks Testing Tokenized Deposits: Crypto News Digest by U.

DonAlt, a pseudonymous cryptocurrency trader with more than half a million followers on the X social media, recently said that a"washout" below the aforementioned $60,000 level appears to be"much more attractive" as of now. Almost $214 million worth of crypto has been liquidated over the past 24 hours, according to data provided by CoinGlass.Alex Dovbnya is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets.

 

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