A minor bounce has offered a little relief for crypto markets this Monday as they are still reeling from another mass selloff over the weekend. Total market capitalization slid to a new yearly low below $115 billion on Sunday but markets have bounced off that and recovered somewhat over the past few hours.
Bitcoin, which has lost almost 44% since mid-November, hit a new 2018 low of just below $3,600 at 11am UTC yesterday. Since then it has managed to claw back 8% taking BTC back over $4,050. By all accounts more losses are likely as many now see a new support level at around $3,000 for Bitcoin.