The crypto landscape still seems quite unfavorable as bitcoin went down by $6,000 in two days and most altcoins are still in the red.
After yesterday’s massive crash in the crypto market, bitcoin is still not out of the woods as the asset dropped to $41,000 hours ago. Most altcoins are in a similarly adverse position with a few exceptions, such as ATOM, which is up by more than 16% in a day.yesterday the substantial market crash, in which the primary cryptocurrency plummeted by double-digit percentages from $47,000 to below $43,000.
This came after several consecutive days of sitting relatively calmly around $47,000. Following this painful drop, BTC remained just above its intraday bottom, but the situation worsened hours later. The asset went south once more and lost another $2,000 of value. This resulted in a drop to another three-month low, this time at precisely $41,000.
Since then, BTC has reclaimed some ground and even touched $43,000 before getting rejected and pushed to just over $42,000, where it sits now. As such, it’s approximately 2% down on the day, and its market cap has declined to $800 billion.This is all you need not to miss any price action in the raging crypto markets. Start receiving this recap, for free, every day:
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