CRYPTO-APOCALYPSE: THE LOSS OF $20 BILLION CAUSED THE COLLAPSE OF THE CRYPTOCURRENCY MARKET
More than $20 billion has been withdrawn from the crypto industry in the last 24 hours; the digital asset Market has gone into free fall, and with each new hour continues to set new low records this year.
Yesterday’s collapse of the market continues to lower the price of the cryptocurrency below minimum annual levels of support. The total market capitalization of digital currencies returned to the values of August 2017, depriving crypto-enthusiasts of hope for the restoration of coin rates by the end of this year.
Bitcoin’s value has fallen by more than 14% in the last 24 hours, setting a new low around $4485 for the first time since October 2017. The only difference between the current situation and the one in October last year is that at the moment the market is in the power of bears, not bulls.
Total market capitalization also plunged into dangerously low levels, adding up to $ 152 billion, and losing more than $20 billion per day.