Crypto Market Wrap: $3 Billion Lost as Friday Dump Accelerates3

As expected crypto markets are starting to fall back again as we end the week. Strong down trend lines cannot be broken and the majority of crypto assets are retreating once again as total market capitalization drops back to $112 billion.

Bitcoin hit its resistance at $3,500 once again as its intraday high but bounced off it pretty quickly falling back to a low of $3,440 where it currently trades. The decline equates to a loss of 1.5% on the day and BTC is looking bearish and likely to extend losses down to $3,200.

Original source
https://www.newsbtc.com/2019/02/01/crypto-market-wrap-3-billion-lost-as-friday-dump-accelerates/

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