Crypto Markets Shed $130B, Bitcoin Dumps to 2-Month Low (Market Watch)

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The crypto market cap is down by $130 billion in two days as bitcoin slid to its lowest price point since early March.

Bitcoin continues to gradually lose value and dropped to a near two-month low of just over $37,000. The altcoins are also deep in the red, with notable price losses from Solana, Cardano, Terra, Polkadot, and many others.It’s safe to say that the primary cryptocurrency has seen better days. In fact, they weren’t all that long ago, as BTC neared $41,000 roughly a week ago but was rejected in its tracks.

The situation worsened in the following 24 hours as BTC dumped below $37,500. This became its lowest price tag since early March.This is all you need not to miss any price action in the raging crypto markets. Start receiving this recap, for free, every day:As of now, bitcoin has regained some traction and stands around $38,000. Nevertheless, its market capitalization has declined to $720 billion.The alternative coins are also in bad shape today.

 

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