Markets have dumped overnight and the selloff has continued leaving crypto land in a sea of red this morning. Roughly $12 billion has been shed from cryptocurrencies on the day as total market capitalization plummets back to just over $270 billion.
Bitcoin has lost around $500 equating to 5.3% at the time of writing. It is currently trading at $7,585 after falling hard to around $7,500 a few hours ago. Trade volume for BTC has risen slightly though but short term signals are bearish. Ethereum is down 4% at the moment, trading at $425.
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