Wow. Since EWN’s last update on the crypto market, Bitcoin (BTC) has continued to get absolutely slammed. As of the time of writing this, BTC has collapsed to $11,300, posting a loss of around 12% in the past 24 hours as per data from CoinMarketCap.
Altcoins, save for Ethereum (also down 12%), have slipped even further than the market leader, with XRP, Litecoin, and other large-cap cryptocurrencies losing an average of 15%. Ouch. With this, Bitcoin dominance has continued to inch higher, reaching 65.5%, up by 0.5% seen just last night.