Crypto Markets Shed Billions Overnight — Analyst Says ‘Drawdown Normal’ and ‘Bull Market Structure Still Intact’

Crypto Markets Shed Billions Overnight — Analyst Says ‘Drawdown Normal’ and ‘Bull Market Structure Still Intact’


Cryptocurrency markets have dropped significantly in value during the last 24 hours as the entire market capitalization of all 10,000 crypto assets in existence has dropped below the $3 trillion mark to $2.77 trillion on Tuesday morning (EST). After tapping $66K on Monday, bitcoin’s price slid below the $60K handle to a low of $58,563 per unit. After the steep fall, bitcoin’s price has recovered some losses, rising back above the $60K range and has started to show some consolidation.

Bitcoin, Ethereum, Top Cryptos See Double-Digit Losses in 24 Hours

Digital currencies are down in value on Tuesday as the market capitalization of the entire crypto-economy shed billions during the last 24 hours. Bitcoin (BTC) is down 7.5% during the last day and has fallen

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