After a week of boring sideways trading, the cryptocurrency market has made its decision — solidifying that sellers are firmly in control.
Sea of Red
The last 24 hours have been a bloodbath for cryptocurrencies across the board after a week of prolonged sideways trading kept sellers firmly in control.
The total cryptocurrency market capitalization has fallen from roughly $ 340 billion at 01:30 CET to nearly $ 320 billion at 10:00 CET — with the majority of said loss occurring in the span of fewer than 2 hours. At the time of this writing, it appears the sell-off has not finished.