Crypto Markets Shed $80 Billion as Bitcoin Crashes Below $30K (Market Watch)

Yesterday’s green market was short-lived as bitcoin and all altcoins have dumped hard today, with the total market cap declining by $80 billion.

Bitcoin’s attempt to decisively overcome the $30,000 level failed once more, and the asset dumped hard in a matter of hours. The alternative coins went through similar dumps, with SOL, AVAX, and BNB leading the adverse trend.At the end of last month, bitcoin soared to a multi-week high above $32,000 after breaking above $30,000. It failed at that point and quickly dumped to $29,000 a day later.

Following a few days of sideways trading, in which the cryptocurrency remained mostly around and beneath the $30,000 mark, the assetThis time, the bulls drove it north to just under $32,000. While the community was preparing for another leg up, a similar scenario followed as bitcoin dumped hard by almost $3,000 in hours. This resulted in aAs of now, BTC has reclaimed some ground but still trades below $30,000.

Bitcoin once AGAIN dipped deeper into its old resistance area, in a bid to get into a new support area before next week it’s simple Buy Hodl Everyone follow Mu_76k she’s a super underrated Bitcoiner. I take her tips seriously and it’s superb Follow her

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.

Bermuda confirms crypto hub ambitions despite market downturnBermuda’s minister of economy and labor, Jason Hayward said the government remains unfazed by the recent crash caused by the collapse of the Terra ecosystem, as the market has weathered many storms since 2017. specialone0007 === he covers a lot of ICO projects and much more in-depth. Worth checking out his Twitter. I guess like any other financial system it has ups and downs so why not?
Source: Cointelegraph - 🏆 562. / 51 Read more »

Amid crypto bear market, institutional investors scoop up Bitcoin: CoinSharesBuying the dip? Big investors are taking advantage of low BTC prices, provoking a positive inflow of the coin, as opposed to ETH. This is called free market ;) All crypto SCAM FOREVER I’m buying it at 21111
Source: Cointelegraph - 🏆 562. / 51 Read more »

Green Market Watch: Bitcoin Reclaims $30K, Cardano (ADA) Explodes 14%The entire crypto market has turned green now, with bitcoin jumping above $31,000 and ADA soaring by double-digits.
Source: Crypto_Potato - 🏆 568. / 51 Read more »

Green Market Watch: Bitcoin Reclaims $30K, Cardano (ADA) Explodes 14%The entire crypto market has turned green now, with bitcoin jumping above $31,000 and ADA soaring by double-digits.
Source: Crypto_Potato - 🏆 568. / 51 Read more »

2TM Group, Parent Company of Mercado Bitcoin, Lays off 90 Workers Amid Market Cool Down – Bitcoin News2TM Group, the parent company of Mercado Bitcoin, a Latam based crypto exchange, announced that it will execute a number of layoffs that will contribute to maintaining its operations in the future. Don't miss SHlB_giveaway it works matic_giveaway Don't miss! matic_giveaway
Source: BTCTN - 🏆 531. / 51 Read more »