Bitcoin Loses $70K Support, Ethereum Dumps Below $2.1K: Market Watch

Bitcoin’s price actions took another turn for the worse over the past several hours, dropping by almost three grand toward $69,000. Most altcoins have followed suit, charting 4-5% daily losses.

Key takeaways

Quick scan — what you need to know:

• Bitcoin’s price actions took another turn for the worse over the past several hours, dropping by almost three grand toward $69,000.
• Most altcoins have followed suit, charting 4-5% daily losses.
• As a result, ETH has dipped below $2,100, BNB is down to $630, and XRP is beneath $1.40.
• BTC Below $70K After it was rejected at $76,000 last week and pushed south to $69,000 by the time the weekend approached, the primary cryptocurrency actually spent Saturday and Sunday trading mostly…

Background

What led here, in plain terms:

• However, Trump’s latest threats against Iran sent it south by a few grand to just under $68,500.
• It dipped further when the legacy futures markets opened to $67,500 before it skyrocketed on Monday to over $71,600 after the POTUS said the US and Iran have been in talks to de-escalate the war.
• It whipsaw once Iran denied the claims, and even dipped below $69,000 briefly on Tuesday.
• It went on the attacks once again on Wednesday and touched a weekly peak at $72,000 when the bears stepped up once again.

Why it matters

Why readers and decision-makers should care:

• The total crypto market cap has shed $60 billion in a day and is down to $2.460 trillion on CG.
• Cryptocurrency Market Overview March 26.
• Source: QuantifyCrypto The post Bitcoin Loses $70K Support, Ethereum Dumps Below $2.1K: Market Watch appeared first on CryptoPotato.