Bitcoin Crashing $1500 In 48-Hours: $40 Billion Evaporated From The Total Market Cap

Bitcoin Crashing $1500 In 48-Hours: $40 Billion Evaporated From The Total Market Cap

Gate Trade News Thursday, September 3, 2020 44 1

It appears that the cryptocurrency market hasn’t stopped plummeting in value. After losing over $20 billion worth of the total market cap in a day, the situation just worsened. 

 

Bitcoin further plunged to below $11,000, Ethereum dumped to $400, and the rest of the altcoins follow along.

 

It’s safe to say that the cryptocurrency market has seen better days as the blood bath that started yesterday has just intensified: Bitcoin was trading at $11,400 after recovering some of the losses charted before, but a sudden leg-down took the asset down to as low as $10,600 (on Binance), as of writing these lines.

 

As of now, BTC has regained some value and is currently trading above $10,800, as the situation is volatile and fragile.