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The crypto cap sinks below $2 trillion
Pressure on the crypto market returned on Tuesday and intensified on Wednesday morning, with capitalisation falling 4.8% to $1.98 trillion. This is below the psychological support line that attracted buyers for most of August and is the lowest level since August 8th. The nature of the decline early in the day suggests another wave of stop orders during a period of reduced liquidity, so it is too early to say that the $2 trillion support has been breached. On Tuesday, bitcoin sellers took the initiative first on the approach to $60K and then at $59K, supported by the growing sell-off in traditional markets. Bitcoin ... (full story)
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- Posted: Sep 4, 2024 10:09pm
- Submitted by:Category: Technical AnalysisComments: 0 / Views: 71
