The crypto market went through yet another slump in the past 24 hours, especially painful for the altcoins.
The adverse price developments in the cryptocurrency space only intensified in the past 24 hours, with new weekly, monthly, and even yearly lows registered from many altcoins. With double-digit drops evident across many charts, it’s no wonder that the daily liquidations have shot up above $500 million.
However, while BTC has it bad, the altcoins are in a much worse shape. Double-digit losses are evident from almost all alternative coins.
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