RATE Group | Bitcoin (BTC) Falls Below $4,000, Tumultuous Crypto Market Continues
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Bitcoin (BTC) Falls Below $4,000, Tumultuous Crypto Market Continues

01 Dec Bitcoin (BTC) Falls Below $4,000, Tumultuous Crypto Market Continues

Posted at 04:13h in Ethereum News by

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Crypto Assets Stutter, Market Cap Falls By 5%

As reported by Ethereum World News previously, Bitcoin (BTC) and its altcoin brethren posted a strong performance in recent days, with BTC surging convincingly above $4,000 on Wednesday. While the asset held its value for over 24 hours, on Friday morning, following a short stint of range trading between $4,100 and $4,300, BTC faltered, stumbling and falling under $4,000 for the third time in a few weeks.

In a matter of four hours, BTC fell from $4,225 to a daily low at $3,900, a ~7% decline, which seemingly came unprompted.

Altcoins quickly followed the market leader, with industry darlings, XRP, Ethereum (ETH), Stellar Lumenx (XLM), and dozens of others posting mid-single-digit losses around 5-6%. As a result of this sell-off, a common sight in recent weeks, the aggregate value of all crypto assets fell to $130.6 billion, down from the $140 billion weekly high established on Wednesday. 
Interestingly, unlike the cryptocurrency market…

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