Bitcoin falls below $ 48,000 after liquidating $ 300 million in one day: market watch

                                                            Bitcoin hat in den letzten 48 Stunden nach einem Dump unter 48.000 US-Dollar mehr als 4.000 US-Dollar verloren.  Auch die alternativen Coins sind wieder im roten Bereich, mit Ethereum Handel unter 3.800 USD und Solana stürzte um mehr als 7% ab.

Bitcoin’s two-day price slide

It was only a few days ago when the landscape became the primary Cryptocurrency seemed much more bullish. The asset had risen above $ 50,000 after several unsuccessful attempts, hitting a three-week high of $ 52,000.

Here the situation changed vigorously when the bears rose. Instead of going further north, Bitcoin quickly began to depreciate in value, causing its price to drop to $ 49,000, as reported yesterday.

After that $ 3,000 daily decline, BTC only went further south. In the past 24 hours, BTC fell to $ 47,200, the lowest price since December 21st.

Right now the asset is just above this level and has declined nearly 4% over the course of the day. As expected, this increased volatility has caused massive pain for over-indebted traders as liquidations exceeded $ 300 million as of yesterday.

BTCUSD. TradingView

Alts in red again

The alternative coins suffered yesterday and the situation looks even grimmer today. Ethereum fell below $ 4,000, but another 3.5% drop in one day pushed the second largest digital asset below $ 3,800. Binance Coin is down 3% and stands at $ 535.

Solana lost the most of its value on a daily basis (-8%). As a result, SOL is now trading at $ 175. More losses come from Cardano, Ripple, Terra, Polkadot, Avalanche, Dogecoin and Shiba Inu from the large-cap altcoins.

The lower and mid-cap alts are in even worse shape. ICON leads this negative trend with a decline of 16% to $ 1.53. Aave (-14%), stacks (-10%), Cosmos (-10%), Kadena (-10%), Tezos (-8%) and many others follow.

the Market capitalization The cryptocurrency is down $ 200 billion in two days and now stands at $ 2,240 trillion.
Overview of the cryptocurrency market. Quantify Crypto.