Crypto Carnage: How Much Value Did the Markets Lose 24 Hours?

The crypto markets experienced a bloodbath on Wednesday as leading coins dramatically headed south shedding all their previously generated gains. Bitcoin reached $17,700 in the day’s trade touching its November 2020 lows.
Therefore, BTC has erased all profits that it delivered in 2021 bringing investors to square one. BTC is down 12% in the day’s trade while Ethereum slipped 20%. The majority of BTC holders are underwater and the king crypto has more chances of slipping south than going north.
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By Shubhk

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