Bitcoin Bloodbath Continues: Price Hits $5000, Market Loses $45 Billion56.01

The market continues on a downward spiral; $45 billion evaporates from aggregate cryptocurrency market capitalization. Bitcoin hits a year-long all-time low of $5000. All cryptocurrencies deep in the red, with XRP as an outlier.

Over the last two months, the market has been relatively peaceful, with primarily sideways movement with Bitcoin hovering at $6300-$6600.

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