Bloodbath Continues as Crypto Markets Collapse 33% in a Week Losing $70 Billion17.37

There has been no letup in the pain that crypto markets are currently in. Since they started to head south last Wednesday a whopping $70 billion has been dumped resulting in a 33% slump in total market capitalization.

This time last week cryptocurrency market capitalization was around $212 billion, a low level but one which has been stable for a couple of months. There was much talk of this being the bottom and Bitcoin being relatively stable at a psychological support level above $6,000 seemed to confirm that.

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