Crypto Market Wrap: $5 Billion Dumped to Bottom of Trading Range3.6

Following almost a week of inactivity crypto markets have started to dump again. A break through support zones for several of the major crypto assets has resulted in total market capitalization plunging back below $120 billion again for the fourth time since the end of November.

Bitcoin has failed to hold above $3,700 and dumped almost 4% to an intraday low of $3,585. It is currently clinging on to support at $3,600 but is looking bearish at the moment and further losses could be imminent.

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