Market Cap Drops from $124B - $119B, Bitcoin’s Continuous Collapse Could Cause Turmoil

[Vladar49]

The crypto industry has experienced another significant wipeout of around $5 billion that has affected Bitcoin (BTC), the flagship digital currency, gravely, placing it under the $3,500 level. At press time, the market cap is at $119 billion, falling $5 billion from Sunday’s (Jan 20) total of around $124 billion.

Several traders have previously raised their interest, claiming that a collapse below the $3,500 level could push the BTC price to the $3,000 area or lower, if the bearish trend continues.

Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/market-cap-drops-from-124b-119b/