RATE Group | Crypto Market Risks Dip Below $100B After Dropping $15 Billion in 1 Week
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Crypto Market Risks Dip Below $100B After Dropping $15 Billion in 1 Week

15 Dec Crypto Market Risks Dip Below $100B After Dropping $15 Billion in 1 Week

Posted at 18:06h in Cryptocurrency News by

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bitcoin

In the past seven days, the valuation of the crypto market has dropped from $117 billion to $102 billion, by just over $15 billion.

Major cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) performed poorly against the U.S. dollar, experiencing losses above the 10 percent mark.

Out of the three most valuable crypto assets in the space, the Ethereum price suffered the worst drop as ETH declined by more than 13 percent from $98 to $84.

Bitcoin at Risk of Dropping to $2,700?

The Bitcoin price has performed relatively well in comparison to other major crypto assets and small market cap tokens in the past seven days.

bitcoin price dec 15 crypto market

But, the lack of volume in most Bitcoin markets has put the dominant cryptocurrency at risk of dipping below key support levels below the $3,000 mark.

DonAlt, a cryptocurrency trader and technical analyst, wrote:

“As BTC is approaching the target of the 2014 fractal the targets of most people change from 3k to 1k and even lower. I still think…

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