It’s a blood-red day at the cryptomony markets. Bitcoin stumbled early this morning, and it’s been in freefall ever since.
The liquidations have followed one another, breaking records with more than $3.5 billion of positions erased in the throes of the ongoing dump, according to estimates by the media outlet The Block.
Total is coming down to about $3.5 billion in today alone.
While a BTC had broken all its records and reached 48,000 euros yesterday, it is now plummeting to around 39,500 euros at the time of writing this article … But volatility is the order of the day.
The crypto market corrects this week 📉
Although the declines seem significant compared to the stock market, it is all relative to the gains of the last month pic.twitter.com/b4criQ44lo
The rest of the crypto market is also making a strong face, with an equally violent general decline.
Beware: today, the market is playing with everyone, and one would have to be crazy to hope to control it. Fasten your seat belts, take your precautions… and may the crypto be with you, despite everything… and normally!