Bloody Crypto-Tuesday: Bitcoin Drops $1,500 in 24 Hours: is the Next Support Line $7,500?
Еhe BTC rate rapidly fell from $9,800 to $8,150 in less than a day for the first time in several months. [caption id="" align="aligncenter" width="682"] Bitcoin 24 hour rate chart. Source: Coin360[/caption] The chart looks horrific, the asset lost $800 in just a few minutes, which caused a real panic in the market. At the time of publication, BTC is trading at $8,300 per coin. According to the well-known expert Crypto Michaël, the asset rushes to the next price zone at the level of $7500. He wrote about this in his Twitter account. https://twitter.com/CryptoMichNL/status/1176405238103891968 At the time of this writing, Bitcoin seems to have stabilized around $8,300. The total cryptocurrency market is about 220 billion US dollars at the time of publication. This value decreased by approximately 22 billion dollars on Tuesday. Bitcoin's dominance is 68.9%.