The total crypto market cap has erased almost $40 billio since yesterday's peak.
Bitcoin’s price rally to a new multi-week high came to a halt in the past 12 hours or so, with the asset plummeting by over a grand.The primary cryptocurrency traded flat for several days, starting last Thursday, when it pumped to around $27,000. It spent most of the weekend sideways at around that level.
However, the landscape began to change on Monday morning during the Asian trading session. The bulls took complete control of the market and initiated a massive leg up. This resulted in BTCHowever, bitcoin failed to maintain its run and started to lose value rather quickly. In a matter of half a day, the asset lost more than a grand and dipped below $27,400 earlier today.This is all you need not to miss any price action in the raging crypto markets.
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