Bitcoin (BTC) tumbled overnight, with the leading cryptocurrency dropping to levels as low as $19,621, according to data from CoinMarketCap.
Last week was a bullish one for cryptocurrencies, as most ended up in the green territory. BTC had also managed to stay above its $20,000 support after weeks of waffling above and below this price.
Bitcoin has this morning, however, shed 3.72% over the past 24 hours and is trading closely near its seven-day low of $19,341.23, indicates CoinMarketCap.
The market capitalization of the largest cryptocurrency, Bitcoin, has crashed from a whopping $1.27 trillion in November 2021 to under $377 billion today.
As for Ethereum (ETH), the second-largest cryptocurrency with a market capitalization of $129 billion, it too has slipped to around $1,068, a 6.7% decline over the past 24 hours.
This marks a drop of 78.14% from its all-time high of $4,891.70.
Amid the bearish price action, more than 62,000 traders were liquidated in the crypto market, suggests...
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