The first cryptocurrency continued its correction - within a few hours, the quotations fell to the level of $20.
The graph below shows that the drop was accompanied by a surge in trading volumes.
Digital gold dragged the rest of the market down with it - the most capitalized altcoins (except stablecoins) ended up in the "red zone".
At the time of writing, Bitcoin is trading at $20. The total market capitalization is $240 billion, according to CoinGecko.
On March 7, the first cryptocurrency broke the $22 level, but then recovered somewhat. This happened against the background of the statement of the head of the Federal Reserve System, Jerome Powell, about the high probability of further tightening of monetary policy.
Previously, the founder of the Crypto Shaman project, Vadym Shovkun, predicted the continuation of the Bitcoin correction.
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