RATE Group | Crypto Markets Continue to Drop, Bitcoin Briefly Slips Below $8,200
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Crypto Markets Continue to Drop, Bitcoin Briefly Slips Below $8,200

18 Nov Crypto Markets Continue to Drop, Bitcoin Briefly Slips Below $8,200

Posted at 23:57h in Bitcoin News by

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After another sell-off earlier today, crypto markets have continued to fall, with Bitcoin (BTC) briefly dropping below the $8,200 threshold.

At the time of writing, 19 out of the top 20 coins by market cap are seeing significant losses. Texos (XTZ), the 17th altcoin by market cap, is resisting the bearish movement, still trading up around 1% over the past 24 hours at press time, according to Coin360.

Market visualization. Source: Coin360

After Bitcoin failed to reclaim $8,500 earlier today, its price has only continued to fall, dropping to as low as $8,104 per coin earlier on the day. At press time, Bitcoin has attempted a modest recovery and is trading at $8,215, down 4% over the past 24 hours.

New downturn to open up the potential for Bitcoin to return to $7,400

While Bitcoin is seeing a significant drop over the past seven days, down more than 5%, the major cryptocurrency is almost flat over the past 30 days at press time.

The fresh decline in the market is considered by some…

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