Published on June 10th, 2018 | by bitcoin0
Why Did the Crypto Market Drop Over $20 Billion?
After a week of boring sideways trading, the cryptocurrency market has made its decision — solidifying that sellers are firmly in control.
The total cryptocurrency market capitalization has fallen from roughly $ 340 billion at 01:30 CET to nearly $ 320 billion at 10:00 CET — with the majority of said loss occurring in the span of fewer than 2 hours.
The first and foremost cryptocurrency is trading at $ 7,230.36 USD and is down 5.55 percent, at the time of this writing.
However, the cryptocurrency market is unpredictable, and those waiting it out might not be interested in trying to catch a falling knife.
The post Cryptocurrency Market Suddenly Drops $ 20 Billion (And Counting) — But Why?