The cryptocurrency market cap has plunged below $1 trillion following the latest price slumps.
the nation and reiterated previous Fed statements about trying to bring back down inflation to 2%. Although this has been said numerous times in the past, it had an immediate effect on BTC’s price.This is all you need not to miss any price action in the raging crypto markets.
Start receiving this recap, for free, every day:In a matter of hours, bitcoin slumped by over $1,000 and went below $20,500. The situation worsened earlier today when BTC dipped below $20,000 for the first time since the middle of July. Somewhat expectedly, this causedAs of now, it has bounced off and trades just over that coveted line, but its market cap has tumbled below $400 billion.