Bloodbath in Cryptocurrency Market Continues, Bitcoin Slips Below $5000
The crypto markets entered a major correction on Monday while losing $25 billion market cap for the second time in last one week.
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The crypto markets entered a major correction on Monday while losing $25 billion market cap for the second time in last one week.
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Bitcoin is continuing its way to the bottom having reached a new lowest mark since October 18, 2017. It is believed that it will fall further.
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After last week’s sell-off the bitcoin price found support at around $5,500 but that has now eroded, with bitcoin falling some 3% over the last 24 hours to under $5,340—its lowest price since October last year. Is it a turn for XRP to become the first now?
In case the bears were able to break down side the accumulation territory of $5,419 the Bitcoin price will have its low at $5,336. If the accumulation territory of $5,419 holds the bulls may take over the market.