Crypto Market Wrap: $16 Billion Dumped in a Day

Market Wrap Huge crypto market purge dumps 11% in a day; all altcoins in a world of pain, all 2019 gains obliterated.

Another dump followed yesterday’s initial 60 minute crypto purge eight hours later. This has exacerbated daily losses and resulted in an outflow of $16 billion over 24 hours. Total crypto market cap is now just over $120 billion and further losses could be imminent.

Bitcoin led the downward charge once again when it bounced off resistance at $4,050 and plummeted back to...

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