This week, the cryptocurrency market took a drastic downturn, with substantial declines in the prices of Bitcoin (BTC) and Ethereum (ETH), along with some major happenings that affected the wider ecosystem. The total market cap tumbled down 13.2%, landing at $2.917 trillion. The market leader, Bitcoin, didn’t fare too well either, as its value dropped down 13.58%. Ethereum came in close behind, as its price plunged down 15.99%. While Bitcoin’s dominance took a slide down to 60.75%, altcoins seemed to find a little bit of footing, too. Still, the overall market sentiment appears to be one of caution. At the
The post Crypto Market Dips Amid Major Events: A Correction or the Beginning of a Downtrend? appeared first on The Merkle News.