Crypto Markets Shed $120 Billion Overnight as Bitcoin Plunges by $4K: Market Watch

Bitcoin starts November on the same foot as it ended October, with another price slide that drove it to just under $107,000 earlier ￰0￱ altcoins have followed suit, with notable price drops from the likes of BNB, SOL, DOGE, LINK, ADA, and many ￰1￱ Slides to $107K The previous business week was quite eventful and volatile for the cryptocurrency markets, prompted by external ￰2￱ instance, BTC jumped to $116,000 on a couple of occasions on Monday and Tuesday, only to be stopped and rejected at its second ￰3￱ subsequent denial led to an immediate decline to $112,000 when otherwise bullish news came from the US Federal ￰4￱ the rate cut by 25 bps, BTC headed south again, dropping below $106,000 on ￰5￱ US-China deal on the trade war front brought another relief rally when bitcoin jumped past $111,000.

However, it couldn’t maintain its run and was stopped over the weekend at that level ￰6￱ began on a negative note when the bears took control of the market and pushed the cryptocurrency south to just under $107,000. So far, this support has managed to hold BTC, but the asset is still nearly 3% down on the ￰7￱ market cap has tumbled below $2.150 trillion, while its dominance over the alts has actually increased to 58.3% on CG. BTCUSD.