Newsflash: Sunday Crypto Bloodbath Sees $11 Billion Wipeout Within Minutes
On February 24, following an impressive short-term rally from February 21 to 23, the valuation of the crypto market plunged by $11 billion from $141 billion to $130 billion. Several analysts have suggested that the inability of Bitcoin to break out of the $4,200 mark, a crucial resistance level for the dominant cryptocurrency, led most crypto assets to retrace. DonAlt, a technical analyst, said that alternative cryptocurrencies or small market cap assets are initiating the last phase of retracement. In the near-term, there exists a possibility the market could continue its recovery. “All the bearish altcoins setups we’ve been discussing
The post Newsflash: Sunday Crypto Bloodbath Sees $11 Billion Wipeout Within Minutes appeared first on CCN