Crypto investors are reeling from an overnight crash that shrunk the crypto market by 7.92% and knocked $10,000 from Bitcoin’s price. The market cap for crypto is now $2.08 trillion, according to data metrics site Nomics.
In the early hours of the morning, Bitcoin fell to lows of $52,144, a sharp drop from highs of $61,271 yesterday.
Bitcoin took the rest of the market down with it. Ethereum sank 11.45% to $2,137; at its lowest ebb it traded for $1,978, its lowest price since April 7.
Altcoins are suffering the worst today. XRP, which made impressive gains following a string of victories in court against the US Securities and Exchange Commission, is down 20% to $1.29, while Bitcoin Cash, which rallied 25% yesterday, fell 20% to $885.
The crash caused delays on crypto exchanges. From 5AM through 6:30 AM UTC, Binance reported issues with placing orders. Binance has since resolved the problems.
We are aware of some temporary difficulties with order placement on https://t.
Źródło: https://decrypt.co/66912/crypto-market-plummets-8-in-steep-correction
