Bitcoin (BTC) Slips, Down $1,900 From Local Peak: Worst Has Yet to Come?

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.

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