Latest situation in Bitcoin and crypto markets

Bitcoin dropped nearly $6,000 a few hours after hitting a 3-week high of $59,600. Most altcoins followed the same trend. Red dominates the market and nearly $200 billion has evaporated from the total market cap.

The latest situation in bitcoin and crypto markets

Although BTC has not been able to top $60,000, it actually It’s been running high for the past few days.. As reported yesterday, the cryptocurrency rose to a 3-week high of $59,600.

There was a positive mood in the markets that BTC would rise above $60,000 again; but the bears took control.

Bitcoin started to lose value rapidly in the following hours.. As a result, the leading crypto has dropped more than $6,000 to an intraday low of $53,600.

Although BTC is trying to recover from the lows, its recent 24-hour loss is still above 5%.. BTC Dom is also below 43%.

Altcoins are in red

Altcoins have been performing more impressively than their leaders in the past weeks. However, most of them have been in decline since yesterday.

Leading the bottom season, Ethereum hit another all-time high of $4,200 yesterday.. However, with the decline, ETH dropped to $ 3,800 with a loss of about $ 400.. ETH has since recovered somewhat but is still below $4,000.

In the process, Binance Coin (-5.5%), Ripple (-10%), Cardano (-7.5%), Polkadot (-12%), Bitcoin Cash (-12%), Litecoin (-12%), and Chainlink (-12%) fell.

Dogecoin, this is from Elon Musk’s SNL look over the weekend continues to decline. Another 11% drop brought the meme coin below $0.5.

BTC price live: $ 20,566.00

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