Crypto Market Down By 13%; Expert Call It Biggest Bear Trap

The broader crypto market has been bearish with more than $800 million worth of long positions liquidated in the last 24 hours. Bitcoin dropped by 15.7% to $50,850, and Ethereum fell by 22.8% to $2,249 price level. The total market capitalization of crypto has came down to $1.94 trillion a drop of -13% lowest since mid February. This decline is mainly due to the macroeconomic factors such as;... source: https://www.coingabbar.com/en/crypto-currency-news/crypto-market-down-by-13-expert-call-it-biggest-bear-trap