Crypto Market Tumbles as Bitcoin Drops to $83.8K Amid Broader Sell-Off 📉
Friday witnessed a dramatic downturn in the crypto market as a significant sell-off wiped out gains from earlier in the week. Bitcoin (BTC) took a hit, falling to $83,800, a 3.8% decrease in 24 hours, down from nearly $88,000 the previous day.
The CoinDesk 20 Index reflected a 5.7% decrease, with various altcoins including Avalanche, Polygon, Near, and Uniswap each suffering losses of about 10%. The total crypto market lost a substantial $115 billion, according to TradingView. Ethereum (ETH) also fared poorly, dropping over 6%, noting its lowest BTC-relative value since May 2020.
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