Crash Crypto 2.0! Bitcoin drops under $ 25,000, altcoins fall

Bitcoin and the crypto markets are currently facing the most brutal crash in months. BTC is currently trading below $ 25,000, the total crypto market cap is struggling to stay above $ 1 trillion. Analysts also warn of further losses. How low can bitcoin fall now?

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Bitcoin Expands Losses – Crypto Markets Under Pressure

Bitcoin and altcoins have been under pressure for days, today the markets are increasing their losses: Bitcoin had to lose 9% within the last 24 hours, trading at $ 24,950 as a result. On the other hand, Ethereum is trading at $ 1,291 after falling more than 11%.

Notice

$ BTC fo $ 25k
– il Capo Of Crypto (@CryptoCapo_) June 13, 2022

All tires are currently being corrected – and strictly: Binance Coin (BNB), for example, has reversed 9%, currently trading at just $ 232. On the other hand, Ripple’s XRP is trading at $ 0.32 after an 8% drop from yesterday, while Cardano is at $ 0.45 after -13% in the last 24 hours.

Fantom Coin (FTM) sees itself also face significant losses, down 22% from yesterday. Curve DAO token is also currently among the big crypto losers, down 21.83%, as well as Nexo Coin (NEXO) down 27% and Elrond (EGLD) down 14%.

The meme coins are also suffering: Dogecoin (DOGE) is down 32% in the last 7 days, having lost another 14% since yesterday. The result: the course moves around $ 0.056. There is nothing better than Shiba Inu Coin (SHIB), down 11% and trading at $ 0.000007909.

The total cap of the encryption market sits at $ 1.02 trillion. It seems to be down 7.39% over the last 24 hours struggling to keep up.

Bitcoin has fallen to its lowest level since the end of 2020 as a result of the crash: Its market failure is now $ 472,465,912,768. Does this mean that the correction has already been reached? Or will BTC continue to fall?

Bitcoin: Analysts are expecting further losses

Bitcoin has already taken victory – However, analysts still believe that further losses are possible. For example, popular trader Crypto Tony (@CryptoTony__), for example, sees BTC drop as low as $ 22,000, writing to more than 202,000 Twitter followers:

“BTC / $ USD – update
Time is almost here legends. $ 24,000- $ 22,000 “

$ BTC / $ USD – Update
The time is almost here legends. $ 24,000 – $ 22,000 pic.twitter.com/ivhY0QvWBb
– Crypto Tony (@CryptoTony__) June 13, 2022

Leading trader DonAlt, which is heavily publicized, is also promising further losses. His was assessment bitcoin may be moving into a new trading range between $ 20,000 and $ 25,000.

For reflection here: Even if Bitcoin pulls back again, a fall below $ 20,000 is considered unlikely. Either way, most traders expect only temporary pain.

In other words, many are expecting another long – term increase that will bring digital assets such as Bitcoin and Ethereum to new all – time highs – so buy Bitcoin at these prices.

So if you believe Bitcoin and Co. will continue. spreading out here, the next few days are the perfect time to buy Bitcoin!

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Last updated June 13, 2022