The bears are still in control as we start another week in crypto land. The selloff which started around two weeks ago has continued unabated as market capitalization drops back down to just over $250 billion equating to a loss of almost $50 billion in just a fortnight.
Bitcoin has not managed to hold support levels and has continued to slide, falling back around one percent below $7k for the first time since mid-July. BTC is currently trading at $6,995 as volume has fallen 17% to $3.7 billion in 24 hours. Ethereum has not fared any better but has not made any further losses on the day trading at a similar level of just under $410.
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