Bitcoin Suddenly Nukes, Sending The Price Of Ethereum, BNB, XRP, Solana, Cardano And Dogecoin Into Free Fall



Bitcoin, ethereum and other major cryptocurrencies have gone into free fall after seeing wild swings this week.

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The bitcoin price has again dropped under the closely-watched $20,000 per bitcoin level after clawing its way back over the psychological barrier it crashed under earlier this month.

Ethereum and other major cryptocurrencies BNBBNB
, solana, cardano and dogecoin have also crashed back, each losing between 5% and 10% over the last 24 hours as bad news for the crypto market piles up.

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“Most short-term technicals point to an above-average chance of a final ‘washout’-style decline before this bottoms,” Mark Newton, technical strategist at Fundstrat, wrote in a note seen by Bloomberg and warning the bitcoin price could fall to as low as $12,500 and $13,000 in the short term.

The bitcoin and crypto price crash that’s wiped around $2 trillion from the combined crypto market since late last year has caused chaos for the crypto industry, with many fledging companies fighting for survival.

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