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Bitcoin’s dire price situation worsened in the past few hours as the asset plummeted to under $60,000 for the first time in several weeks.
The altcoins have reacted even worse to this weekend’s crash, with ETH slumping beneath $2,900, while SOL, DOGE, and BCH have dumped by 6-7%.Although last weekend was also quite volatile, the landscape was entirely different. Back then, BTC went on a rollercoaster amid Donald Trump’s conference attendance and pro-crypto speech. However, the asset was mostly heading north andHowever, the situation changed later that day as BTC fell by four grand.
Ethereum and Binance Coin have declined by another 3% each to $2,890 and $523, respectively. XRP, TON, ADA, LINK, UNI, and LTC are also in the red, albeit in a less painful manner. The total crypto market cap has lost another $70 billion since yesterday and is down to $2.230 trillion on CG. The metric has shed over $300 billion in the past several days.Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
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