Investors Panic as Bitcoin Dips, Altcoins Plunge: Here's Where to Invest Now
Most spot Bitcoin ETFs, including BlackRock’s IBIT, recorded zero net flow on Monday. The total cryptocurrency market cap slipped around 3 percent in the last 24 hours to about $2.48 trillion on Tuesday during the early European session. The altcoin industry registered the largest losses after Bitcoin (BTC) price briefly dropped below $65k. As a result, nearly half a billion dollars have been liquidated from the leveraged cryptocurrency market, which mostly involves long traders.
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