RATE Group | Crypto Markets Head for Worst Day in Two Months as Bitcoin Sentiment Shifts to ‘Extreme …
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Crypto Markets Head for Worst Day in Two Months as Bitcoin Sentiment Shifts to ‘Extreme …

23 Nov Crypto Markets Head for Worst Day in Two Months as Bitcoin Sentiment Shifts to ‘Extreme …

Posted at 01:58h in Cryptocurrency News by

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  • Bitcoin plunges to six-month low.
  • Crypto markets fall below $200 billion for the first time since the spring.
  • Bitcoin’s Fear & Greed Index prints “extreme fear.”

Crypto markets plunged anew on Friday and are on track for their worst performance in two months, as bitcoin’s fear and greed index flipped “extreme fear” following China’s stern warning targeting digital currency traders.

The selloff that hit bitcoin has quickly spread to alternative cryptos, with the total market cap hemorrhaging $28 billion over the past 14 hours.

Crypto Markets Crash

The total value of all digital currencies bottomed near $190 billion on Friday, the lowest since early May when markets were slowly crawling out of crypto winter. At the time of writing, asset values were worth a combined $195.5 billion, according to CoinMarketCap.

Crypto market cap
The total value of all cryptoucrrencies crashes below $200 billion for the first time since May. | Chart: coinmarketcap.com

Bitcoin’s price flash-crashed below $7,000…

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