The inevitable market correction has started and altcoins are leading the drop. From a new 2019 high of $186 billion yesterday, total market capitalization has plunged by $18 billion as recent gains get wiped out again.
Bitcoin failed to break resistance at $5,400 and has fallen back to around $5,000 resulting in a 24 hours loss of 5 percent as BTC drops to its lowest level for a week. Many had predicted the pullback and it has finally started as losses accelerate. Holding $5k will be crucial for Bitcoin if it is to maintain all previous progress and make further moves. At the time of writing BTC is trading at $5,050 on Tradingview.com, a minor recovery after hitting a low of $4,950 a few hours ago.