Yesterday's green market was short-lived as bitcoin and all altcoins have dumped hard today, with the total market cap declining by $80 billion.
Yesterday’s green market was short-lived as bitcoin and all altcoins have dumped hard today, with the total market cap declining by $80 billion.
Bitcoin’s attempt to decisively overcome the $30,000 level failed once more, and the asset dumped hard in a matter of hours. The alternative coins went through similar dumps, with SOL, AVAX, and BNB leading the adverse trend.At the end of last month, bitcoin soared to a multi-week high above $32,000 after breaking above $30,000. It failed at that point and quickly dumped to $29,000 a day later.
Following a few days of sideways trading, in which the cryptocurrency remained mostly around and beneath the $30,000 mark, the assetThis time, the bulls drove it north to just under $32,000. While the community was preparing for another leg up, a similar scenario followed as bitcoin dumped hard by almost $3,000 in hours. This resulted in aAs of now, BTC has reclaimed some ground but still trades below $30,000.
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