Another $4 Billion Loss: Crypto Market in Red Zone
After a short recovery at the end of last week and Monday morning, the fall in prices returned to the crypto market. The coins’ market capitalization plunged by more than $4 billion. Bitcoin dropped below $3,900.
At the end of last week and yesterday morning, the market indicated weak signs of recovery. Capitalization rose to $130 billion, and BTC held above the psychological mark of $4,000.
But growth did not stay long. By Monday evening, all the top cryptocurrencies dived into the red zone. The capitalization of coins fell by $4.5 billion, reaching $125.5 billion at the time of publication.
Bitcoin price only for the last day fell by 3.43% and now holds about $3.875. Ripple dropped 3.29% to $0.348774. Ethereum collapsed by 4.46% and trading at $108.41
Of the top 10 cryptocurrencies, only Tether went up in price over the past day. USDT price rose 0.61% to $1.