Cryptocurrency Market Sees Mass Sell-Off and Deleveraging

What happened? Cryptocurrency prices plunged on Wednesday (AEST/UTC+10), with total market cap falling from $2.47T to $1.67T. BTC fell by ~25% within a couple of hours late on Wednesday night, bottoming at ~$30,000 and falling under its 200-day moving average (MA). As is often the case, other cryptocurrencies fell harder such as ETH, XRP and […]