Losses registered by the likes of Bitcoin and Ethereum erased nearly $150 billion from the entire crypto-market in the last 24 hours alone. While the king coin fell below the $50k price level, ETH dropped under the $1,500-mark. Needless to say, the repercussions were felt across the altcoin market, with the same flashing red, at the time of writing.
Altcoins such as Tron, Neo, and Ethereum Classic lost ground, with multiple support levels awaiting bullish signals to alleviate recent losses.
Source: TRX/USD, TradingView
Tron moved deeper into the red territory, at press time, after