Tumultuous Crypto Market: Bitcoin Market Cap Finds YTD Low Under $100 Billion15.37

After remaining stagnant at $6,400 for the better part of a season, Bitcoin (BTC) finally saw an awakening on Wednesday, as the now-1o-year-old crypto asset saw an influx of trading pressure. However, as many feared, this awakening, while powerful in its own right, wasn’t the one that many optimistic crypto investors were hoping for.

Instead of breaking above the well-cited $6,800 line of resistance, BTC fell, collapsing under $6,000, then $5,800, and finally at $5,700, where the asset is approximately situated at the time of writing. Now, for the first time in over a year, the market capitalization of BTC has fallen under the level of psychological support at $100 billion.

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