Crypto Bloodbath Continues, with Bitcoin (BTC) Back at July 2021 Levels
- Date: 22-Jan-2022
- Source: Yahoo News
- Sector:Financial Markets
- Country:Middle East
Crypto Bloodbath Continues, with Bitcoin (BTC) Back at July 2021 Levels
It was a particularly bearish day for Bitcoin (BTC) and the broader market on Friday. Market sentiment towards FED monetary policy and a continued tech sell-off weighed on the crypto market.
For Bitcoin, a 10.4% tumble on Friday left Bitcoin at $36,000 levels. The only highlight of day was a recovery from $35,000 levels. Bitcoin had last visited $35,000 levels back in July 2021.
Things were not much better elsewhere. Ethereum (ETH) slumped by 14.4%, with Crypto.com Coin (CRO) down by 14.6%. The Friday meltdown saw as much as $280bn wiped out before a partial recovery. On the day, the crypto market cap fell by $200bn.