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18 January 2021

Bitcoin Fever Cools as Price Dips, Crypto Market Sheds $9 Billion - Decrypt

Bitcoin Fever Cools as Price Dips, Crypto Market Sheds $9 Billion - Decrypt


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Bitcoin Fever Cools as Price Dips, Crypto Market Sheds $9 Billion.

After a brief episode of Bitcoin euphoria and an all-time high price, the crypto market is on the come down today.

The top 10 crypto assets by market cap registered losses today ranging from a minimum of 2.23% for Bitcoin Cash to about 9.6% for Ripple’s XRP.

Instead, crypto assets saw a slight bump which led to Bitcoin trading at close to $19,500 yesterday.

If Bitcoin continues on this path, trading support for the asset could be somewhere around $17,800—meaning traders could feel fairly confident that the coin wouldn’t fall below that price in the short term.

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