It was a bloody week on the cryptocurrency markets. Bitcoin lost the coveted $40K support while ETH is trading below $3K.
To say that the past seven days were bad in the cryptocurrency market would be kind of an understatement. Most of the coins are down by solid double digits as the total capitalization lost around $250 billion and fell below $2 trillion.
Now, it managed to recover some of the losses and trades slightly below $39K, but it’s still down 9% in the past seven days. This entire ordeal left over $700 million in liquidations in 24 hours. The alternative coins failed to perform any better – at least most of them.
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