Crypto Markets Starts Week With $6 Billion Loss, BTC Drops Below $3,500

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The bear market appears to have arrived in full force today as crypto markets plunge to new low levels for 2019. Bitcoin (BTC) being a notable victim of the market crash goes below the trading value of $3,500 yet again.

Almost $7 billion has been dumped in the past few hours to send total market capitalization plunging to a new 2019 low at around $114 billion. After a solid week of holding above $3,550, Bitcoin saw a 3.48% decline in price, dropping back below $3,500.

It has not been this low since December 17 when BTC rallied from its 2018 low level of just below $3,200. Most price predictions and analysis have been suggesting further losses for Bitcoin which has not been able to overcome key resistance levels.

Ethereum has taken a bigger hit, getting smashed 7% to drop below $110 again. ETH is dangerously close to dropping back into double figures once again. XRP has extended the gap back to $1 billion as it only lost 5% on the day, but it is now below $0.30 for the first time this year.

Most of the crypto assets are bleeding out at the moment with double-figure losses for Bitcoin Cash, Bitcoin SV, Stellar Lumens, Iota, and Bitcoin Gold. The order of the top ten has changed so often over...

Read More: https://bitzamp.com/crypto-markets-starts-week-with-6-billion-loss-btc-drops-below-3500/