RATE Group | Cryptocurrency market update: All hell breaks lose as Bitcoin (BTC) dives under $10,000
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Cryptocurrency market update: All hell breaks lose as Bitcoin (BTC) dives under $10,000

15 Jul Cryptocurrency market update: All hell breaks lose as Bitcoin (BTC) dives under $10,000

Posted at 03:11h in Bitcoin News by

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  • The cryptocurrency market’s carnage takes another twist on Monday.
  • Bitcoin and major altcoins are nursing double-digit losses.

The optimism vanished into thin air as Bitcoin (BTC) and all major altcoins have been under aggressive selling pressure for the last three days. Monday has started with another bearish wave that took the total capitalization of all digital assets in circulation to as low as $272 billion from $311 billion this time on Sunday. The figure dropped below $300 billion handle for the first time n recent two weeks. Bitcoin’s market share increased to  65.9% as altcoins are doing even worse.

Top-4 coins price overview

Bitcoin (BTC/USD) is hovering around $10,000 handle after sliding to $9,843 during early Asian hours. The first digital coin has touched the lowest level since July 2 amid strong bearish pressure. A sustainable move below $10,000 handle will worsen the technical picture significantly and become a pre-condition for an extended…

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