Bitcoin tumbles 10% in 12 hours and falls below $50,000 for first time since March
Things were looking markedly bearish for Bitcoin following last weekends swift and sudden correction, which caused Bitcoin to crash by20%in a single hour.
Within minutes last Sunday,$60,000became a distant memory with bulls forced to defend$55,000instead.BTCs prized $1-trillion market cap was also lost, and at one point, dominance sunk below 50% a milestone that hasnt been seen since 2018.
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