Bitcoin’s recovery attempts have come to a halt as the asset has declined below the $111,000 level once again on Thursday 0 altcoins are also in the red, with ETH slipping to $4,000 and XRP dropping back down to $2.40. There are a few double-digit price losers as 1 Slides Below $111K Bitcoin and the rest of the cryptocurrency market experienced massive turbulence at the end of the previous week, when the largest of the bunch plunged by over $20,000 on some exchanges and bottomed at a multi-month low of $101,000. This crash wiped out over $19 billion in leveraged positions from more than 1.6 million 2 tried to recover in the following days after immediately surging back to $110,000.
It kept climbing at the start of the new business week and hit $116,000 on Tuesday. However, that was as far as it could go as the bears stepped up once 3 pushed the asset south to $113,000 yesterday and below $111,000 as of press time 4 means that its market capitalization has fallen once again and is close to breaking below $2.2 trillion on 5 dominance over the altcoins, though, has bounced since yesterday and is up to $57.2%. BTCUSD.), ZEC (12%), and IP (10%) follow 6 contrast, COAI continues to steal the show with a massive 50% surge since yesterday that has driven its price to well over $23 as of press 7 cumulative market cap of all crypto assets has erased $100 billion since yesterday and is down to $3.850 trillion on 8 Market Overview.
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