$200 Billion Gone From Crypto Markets as BTC, ETH, XRP Tanked on Saturday: Weekend Watch


HASH and WLFI are among the poorest performers, while HYPE is actually in the green daily.

Bitcoin’s adverse price actions went to another level on Saturday when the asset plummeted to just over $75,000, which became its lowest price tag since April last year.

The alternative coins bled out heavily as well, with the likes of ETH, XRP, SOL, and many others plunging by double digits at one point. The total crypto market cap erased around $200 billion in hours.

BTC Dumped to $75K

It was already a painful week for BTC, which began with a nosedive last Sunday and Monday when the asset fell from $89,000 to a five-month low at the time of $86,000. It recovered in the…

Source link