In Case You Missed It: The Top Trending Crypto News.
The past 24 hours brought even more pain to the cryptocurrency market, with bitcoin dumping to a monthly low of just over $27,000. However, the alternative coins suffer even more. ETH, for example, plummeted below $1,500 to the 2018 ATH levels.After a few brief and unsuccessful attempts to overcome $32,000 last week, the primary cryptocurrency started to lose value gradually. The last rejection at that level brought it down to $30,000, where the asset stood for a few days.
The landscape changed on Friday when the US inflation numbers went out . The 40-year-record brought enhanced volatility for BTC, which dropped to $29,000. Nevertheless, the worst was yet to come as bitcoin started to drop even more vigorously hours later. This culminated earlier today when BTCConsequently, bitcoin’s market capitalization is down to $520 billion. The silver lining for the BTC bulls is that the dominance over the altcoins is up to almost 48%.This is all you need not to miss any price action in the raging crypto markets.
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