Crypto Markets Shed Nearly 20 Billion as Bitcoin and Major Altcoins Plunge

The crypto markets have followed Bitcoin’s lead and spiraled downwards over the past day, with many major altcoins facing significant levels of selling pressure that have sent most of them down 5% or more.

Today’s drop has led the crypto markets to shed nearly $20 billion from its weekly highs, sending the overall crypto market cap from seven-day highs of $187 billion to its current levels of $170 billion.

Bitcoin Leads Crypto Markets to Drop 

The recent drop in the markets was first...

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