Bitcoin leads cryptocurrency market meltdown amid concerns over global equity markets ...News

Russia Today - Economy
Bitcoin leads cryptocurrency market meltdown amid concerns over global equity markets
source : Russia Today ( News ) () 15
The world’s largest cryptocurrency, bitcoin, dropped below the $44,000 level on Monday as concerns over global equities spilled over into crypto markets. The digital asset lost as much as 10% during the day’s trading, falling to $43,692.57, according to Coin Metrics. Other cryptocurrencies were also in the red, with ether losing 9% to $3,038.74 and XRP becoming the worst performer, down 14% on Monday. “This sell-off is the continuation of a well-established pattern where traders cash in their riskier assets to cover margin calls or sit on the sidelines until markets calm down and they feel more comfortable going back into riskier posit

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