Why Did The Crypto Market Plunge Overnight?
Why did the crypto market suddenly crash, wiping billions in just hours, and what does this mean for Bitcoin and altcoin investors moving forward?
Crypto markets in freefall
In the last two days, the crypto market has hit a speed bump, experiencing a flash crash that has shaved billions off its total value. The global crypto market cap has dipped by nearly 8.7% in the last 24 hours, hitting $3.52 trillion, according to CoinGecko.
While Bitcoin (BTC) has weathered the storm relatively well, losing a little over 2% to trade at $95,800 as of Dec. 10, the same can’t be said for most altcoins.
