Bitcoin Crashing $1500 In 48-Hours: $40 Billion Evaporated From The Total Market Cap
It’s safe to say that the cryptocurrency market has seen better days as the blood bath that started yesterday has just intensified: Bitcoin was trading at $11,400 after recovering some of the losses charted before, but a sudden leg-down took the asset down to as low as $10,600 (on Binance), as of writing these lines. If Bitcoin breaks the current low, veteran cryptocurrency analyst Crypto Yoda believes that the asset could drop to $10,500, which was also the previous 2020 high from February, before retesting $10,200.
Further losses are evident from Bitcoin Cash (-6.2%), Litecoin (-8%), Binance Coin (-6%), BitcoinSV (-7.5%), Cardano (-7.5%), Tezos (-9%), and Cosmos (-14%). Despite a few gainers such as Tron, which continues on its way up with a 7% pump, the market’s total cap keeps suffering.
