History doesn’t rhyme but tends to repeat itself, which is something that has been happening in the crypto industry in the past few weeks.
In this case, bitcoin and the rest of the market dropped hard on Friday evening, similar to the events from the previous one.It was last Friday when the primary cryptocurrency tested $69,000 but failed and the subsequent rejection pushed it south by over two grand. The weekend was quite uneventful as the asset had reclaimed some ground and stood around $67,500.
More gains came on Monday as BTC briefly exceeded $70,000. Despite failing there at first, it bounced off and soared past that line on Tuesday. In fact, itYet, as mentioned above, the Friday scenario repeated, and bitcoin was stopped at the $72,000 level. The bears drove it south hard, and the cryptocurrencyto a multi-day low of $68,500. It has recovered some ground and now stands above $69,000, but it’s still 2.7% down on the day.
Even more losses come from the likes of Dogecoin , Avalanche , Chainlink , Polkadot , NEAR , UNI , and MATIC .The cumulative market cap of all crypto assets has seen more than $80 billion gone from yesterday’s peak. As such, the metric has dropped to under $2.7 trillion on CG.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.
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.
Coin Coin Latest News, Coin Coin Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: Crypto_Potato - 🏆 568. / 51 Read more »