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.