why are Bitcoin and top altcoins tanking?
The recent crypto crash resumed today, Dec. 13, with Bitcoin and most altcoins being in the red and the market capitalization falling by over 2% in the last 24 hours.
Summary
- The crypto market is crashing today as a risk-off sentiment prevails.
- Bitcoin has also formed numerous risky patterns on the daily chart.
- The futures open interest and volume dropped in the last 24 hours.
Bitcoin (BTC) price dropped from this week’s high of $94,000 to $90,000. Some of the top laggards in the crypto market were tokens like The Graph, Story, Algorand, and Ethena, which fell by over 5%.
Crypto crash today coincides with stock market weakness
The ongoing crypto crash…
