Crypto markets smashed after an enormous market correction.
The warning bells are now banging for Bitcoin, whose price today hit $33,817, a decrease of 8.19% in the past 24 hours.
This marks the end of Elon Musk‘s rallying cry for the coin; Bitcoin surged after Musk changed his Twitter bio to #Bitcoin. After that, the price of Bitcoin surged. However, the market couldn’t sustain the momentum.
There is another bang that has been heard, and this time in a profound respect for the death of Dogecoin, which fell 39.74% in the last 24 hours after the market correction picked off the last of the messy revolutionaries that fueled the coin this week.
The fall of the two coins initiated the destruction of the market.
Because of that, the rest of the market falls as fast as the snipers are now preparing their rifles; the bell grapples to keep up. Ethereum falls by 5%, Polkadot by 3%, and even Ada fell by 5%.
The warning rings out so fast that the others enter the state of panic. As it sounds louder, Litecoin fell by 8% and Bitcoin Cash by 5%.
The only coin affected by the warning is FunFair (FUN), which increased by 45% in the last 24 hours.
However, the others also emerged from lockdown. Compound increased by 31% in the last 24 hours, 1inch by 28%, and Elrond by 22%. Also, XRP, still shattered from its ongoing war with the SEC, increased by 13% to $0.31.
Bitcoin’s price fell as low as $29,400 last January 29, marking a 30% drop from its all-time high.
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