Crypto bears are back: Bitcoin and major altcoins back in red
- Bitcoin drops below $4,000, amid a wave of sell-off.
- Altcoins are following the lead.
The cryptocurrency market is back in the red zone as the recovery proved to be short-lived. The total capitalization of all digital assets in circulation is hovering around $130B amid resumed bearish pressure.
Bitcoin, the largest and the most popular cryptocurrency, has lost over 5% in recent 24 hours to trade at $3,945 by the time of writing. The coin is down nearly 4% since the beginning of Monday, trading with a strong bearish bias.
Ripple's XRP is hovering at $0.3596, down 2.7% since the beginning of Monday and 3.8% on a day-to-day basis. The second largest digital asset with market value $14.5B retraced from early Asian high of $0.3699, however, the short-term trend is showing signs of reversal.
Ethereum is changing hands at $112.8 at the time of writing, off the Asian high of $116.9. ETH stays well below the pivotal $120, moving closer to $110.00. The third largest coin with the market value of $11.2B is down 4.4% in recent 24 hours and 3% since the beginning of the day.
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Author
Tanya Abrosimova
Independent Analyst
