Bitcoin

Coin

<ul class="news-points"> 
 <li>The overall crypto market lost $31.992 billion over the last day.</li> 
 <li>The dip comes amid Bitcoin’s short-lived price gain above $28,000.</li> 
 <li>Analysts argue Bitcoin could fall to $12k before a significant price surge.</li> 
</ul> 
According to data from the prominent <a href="https://coinedition.com/market/">crypto market</a> tracker CoinMarketCap, the overall crypto market valuation saw a significant decline of 2.88% from its over $1.1 trillion value in the last 24 hours. In particular, the crypto market lost approximately $31 billion over the last day. 
Before this substantial decline in the market, Bitcoin (BTC) broke its two-month high of $28,500. By implication, Bitcoin’s sudden ascent above $28,000 was short-lived, as it’s now back to around $27k. 
While Bitcoin’s surge above $28k propelled other digital assets, improving their seven-day performance, its decline to $27,400 has equally caused a significant dent in their 24-hour performances. 
Meanwhile, Bitcoin’s reversal to its previous passive trading zones, which impacted the overall market, did not come as a surprise to market analysts. Some <a href="https://coinedition.com/btc-to-crash-20k-before-halving-expect-parabolic-rally-after-analyst/">crypto analysts have argued</a> that Bitcoin is yet to hit the crucial price mark necessary to initiate a full-scale bull …
The post <a rel="nofollow" href="https://coinedition.com/crypto-market-loses-31b-in-24-hours-bitcoin-briefly-surges-and-dips/">Crypto Market Loses $31B in 24 Hours, Bitcoin Briefly Surges and Dips</a> appeared first on <a rel="nofollow" href="https://coinedition.com">Coin Edition</a>.

Crypto Market Loses $31B in 24 Hours, Bitcoin Briefly Surges and Dips

Coin Edition

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