The cryptocurrency market continues to struggle, with its total capitalization shedding another $50 billion over the past 24 hours.
This comes as Bitcoin’s price plunged to a daily low of around $19,500, and other cryptocurrencies also feeling the heat.Bitcoin shed another percent off its dollar value in the past 24 hours and dropped to a low of around $19,520 .As seen in the chart above, the price has now recovered to about $19,900, but the cryptocurrency is still done some 6.5% in the past week.
It’s also worth noting, though, that BTC’s dominance – the metric commonly used to gauge its performance relative to that of the rest of the market – increased a bit in the past 24 hours. This means that BTC performed better than altcoins.This is all you need not to miss any price action in the raging crypto markets. Start receiving this recap, for free, every day:
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