$200 Billion From Crypto Markets as Bitcoin (BTC) Dumps Below $93K (Market Watch)
Bitcoin’s price was stopped ahead of $100,000, and the subsequent rejection pushed it south hard, causing the asset to lose over six grand in hours.
The altcoins have also turned red, with massive declines from the likes of Solana, Dogecoin, Cardano, Stellar, Polkadot, and many others.
BTC’s Substantial Correction
The primary cryptocurrency experienced a mindblowing rally since Trump won the US elections three weeks ago, which culminated on Friday with a surge to just over $99,800, which became the asset’s highest price level ever. However, it couldn’t go a few hundred dollars higher to tap into six-digit territory and started to lose value.
It dropped below $98,000 on Saturday and under $96,000 on Sunday, but…
