After several days of recovering the recent losses, bitcoin’s price has finally retraced once again, losing the coveted $60,000 line and falling further to under $59,000.
The altcoins have followed suit, with numerous declines from the likes of ETH, BNB, XRP, and especially DOGE and SOL.The primary cryptocurrency had a violent start of the previous week. After the harmful weekend in which it dropped to under $57,000, the bears took it a step further last Monday with a price slump to $49,500 – the lowest position in about six months.
Bitcoin started to recover in the following days and even neared $63,000 by Friday. As such, it had added more than 20% of value in just a few days. The weekend was relatively calm as BTCThe bears seemed to have come out of the woods in the past 12 hours, though. They pushed BTC south once again during the early morning Asian trading session and the asset fell below $60,000.This is all you need not to miss any price action in the raging crypto markets.
Slightly less painful retracements come from the likes of ETH, BNB, XRP, AVAX, and BCH. However, most mid-cap alts have dumped by around 5-7%. The cumulative market cap of all crypto assets has seen almost $100 billion gone in a day and is down to $2.160 trillion.Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.