The cumulative market cap of all crypto assets lost $100 billion in a day as BTC and most altcoins are deep in the red.
Bitcoin tried its hand at $43,000 yesterday but was violently rejected at that point and dropped by almost $3,000 in hours. Most altcoins are also well in the red today, with Ethereum close to breaking below $3,000 and BNB sitting just north of $400.Ever since the early Monday crash, in which the price of bitcoin dumped below $39,000 to mark a monthly low, the landscape around the asset seemed substantially more positive.
As such, BTC kept climbing, and yesterday it tapped an 11-day high at just under $43,000. However, this is where the situation changed for the worse.
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