Third Dump in Three Days, Crypto Markets Drop Another 4%

Following last week’s $15 billion crypto rout markets stabilized over the weekend. A few hours ago a third dump has dropped them and major cryptocurrencies below key support levels as further losses loom. Losing over 11% in a single day would have been bad enough if markets could maintain levels between their trading ranges. Those support levels were broken when a third dump dropped a further 4%, or almost $5 billion, from crypto markets late Sunday night. At 16.00 UTC markets fell from $122 billion to below $118 billion in about an hour. Over the past 12 hours or so things have held steady there, but another dump soon appears likely. Bitcoin is usually the indicator of such unnatural looking chart movements and it was again this time when it fell through key support at $3,600. A low of $3,545 was hit a few hours back and BTC has remained…

Read the original article here

IF YOU LIKED THIS ARTICLE CLICK SHARE