Crypto Markets Lost $50B as Bitcoin Slumped to 6-Day Low

The crypto market cap is down by about $50 billion daily as bitcoin as well as most altcoins have turned red.

Crypto Markets Lost $50B as Bitcoin Slumped to 6-Day Low

BTC stood primarily approx $23000 the asset took a dip south and dropped to a 6-day low. The altcoins are also deep in the red today, with ETH, SQL, and MATIC plunging by more than 5%.

Source : CoinMarketCap

The live Bitcoin price today is $22,013.59 with a 24-hour trading volume of $28,885,366,664. Bitcoin is down 3.08% in the last 24 hours. The current CoinMarketCap ranking is #1, with a live market cap of $420,521,566,591 USD. It has a circulating supply of 19,102,818 BTC coins and a max. supply of 21,000,000 BTC coins.

Last Wednesday when bitcoin increased above $24,000 to mark its highest price point in over a month. As the bulls were getting more excited about the prospect of bringing down the $25,000 lines.

The Cryptocurrency market lost over $#2,000 in a day as it became known that Tesla had sold off most of its BTC holdings in Q2. the asset recovered some ground and entered the weekend at $23,000 where it spent most of two days. 

The bears regained control over the market hours later and pushed BTC South hard as a result the cryptocurrency fell by over $1,000 and dumped to a 6-day low of under $22,000 

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