The crypto market cap has seen over $50 billion gone since Monday, as BTC and ETH retraced by up to 5% in a day.
Following a few days of price increases, bitcoin reversed its trajectory and fell to and below a familiar sight of $23,000.
Most altcoins are also in the red today, including ETH slumping beneath $1,700 after painting a multi-month high north of $1,800.of last month, bitcoin calmed and entered last weekend at around $23,000. The asset failed to produce any significant price movements in either direction in the next two days and remained around that mark.
More volatility, though, came at the start of the current week when bitcoin spiked to and beyond $24,000 to tap a multi-day high. However, that was short-lived and the bears returned to town. They pushed the cryptocurrency south to just under $23,000 once more. As of now, however, bitcoin has regained some traction and stands at that familiar level but its market cap has declined below $450 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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