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Bitcoin Shows 'Overwhelming' Institutionalization After ‘Significant Deleveraging’
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The crypto market continued lower on Monday after a weekend sell-off that was described as a “significant deleveraging event.” Despite the event now being behind us, however, some traders continued to worry about the potential for an extended market correction.
At 11:14 UTC, the total crypto market capitalization had fallen to USD 2.292trn, down almost 29% from a peak of over USD 3trn less than a month ago on November 10.
Similarly, bitcoin (BTC) was also down over the past 24 hours. At press
Read more on cryptonews.comAbout this in other media
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