Bitcoin lost more than $4,000 in the past 48 hours after a dump below $48,000. The alternative coins are also in the red again, with Ethereum trading beneath $3,800 and Solana nosediving by more than 7%.It was just a couple of days ago when the landscape around the primary cryptocurrency seemed significantly more bullish. The asset had$50,000 after several unsuccessful attempts and went on to chart a three-week high of $52,000.
This is where the situation changed vigorously as the bears stepped up. Instead of going further north, bitcoin started to lose value rapidly, resulting in a price slide to $49,000, asAfter this $3,000 daily drop, BTC only continued heading south. In the past 24 hours, BTC found itself dipping to $47,200, which is the lowest price point since December 21st.
As of now, the asset stands just over that level and is nearly 4% down on the day. Somewhat expectedly, this enhanced volatility has resulted in massive pain for over-leveraged traders as the liquidations
Not impressed,I have seen it all... EARClubNFT EARC earc4253
All good holding FTM
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: Crypto_Potato - 🏆 568. / 51 Read more »
Source: CoinDesk - 🏆 291. / 63 Read more »