Bitcoin Dumped Sharply After Retesting $20K: Crypto Markets Shed $60B (Market Watch)

  • 📰 Crypto_Potato
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 51%

United States News News

United States United States Latest News,United States United States Headlines

The crypto market cap is down by almost $70 billion daily as BTC and almost all alts are deep in red now.

The price of bitcoin headed straight south after briefly exceeding $20,000 on the highest trading volumes recorded for the past several months.

The alternative coins, which were riding high yesterday, have turned red today, except for QNT – 10% surge.Ever since last week’s price drop to $18,100 propelled by the US Fed’s latest interest rate hike, the primary cryptocurrency had calmed around $19,000. In fact, it spent most of the weekend there, with little to no movement.

Then came Monday, and BTC slipped to $18,600. However, the asset went on the offensive on Tuesday and spiked by more than $1,500 in hours. As a result, it skyrocketed to a

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 568. in US

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.

Bitcoin Soars Above $20K, Recording 12-Day High (Market Watch)The crypto market capitalization has neared $1 trillion as BTC, ETH, and most other altcoins are well in the green.
Source: Crypto_Potato - 🏆 568. / 51 Read more »

First Mover Americas: Bitcoin Regains $20K, Bucking the Swoon in StocksBitcoin (BTC) regains $20K and U.S. longer-duration Treasury notes now offer 4% yield. LedesmaLyllah and Godbole17 report in First Mover by CoinDesk Markets.
Source: CoinDesk - 🏆 291. / 63 Read more »