A sharp reversal hit the crypto markets on Sunday, with the overall market cap of all coins dropping more than $13 billion in just two hours, from $141.83 billion to $128.39 billion, according to CoinMarketCap.
Bitcoin plunged below the $4K mark, down 3.67% to $3,807 at time of publishing, according to Coin360. In the top coins by market cap, Litecoin dropped the most, down 9.73% at $43.68.
• Stellar down 8.91% to $0.0824
• Ethereum down 6.56% to $137.80
• EOS down 6.39% to $3.59
• Binance Coin down 6.29% to $9.79
• Bitcoin Cash down 6.23% to $131.41
• XRP down 5.6% at $0.3016
• Tron down 4.89% to $0.0236
Crypto analyst Joseph Young says he couldn’t believe his eyes when the bottom fell out.
When Binance alerted me Bitcoin was below $3,800 I thought it was a visual bug.
There is no market that is as unpredictable as crypto pic.twitter.com/6s8ioL1vUn
— Joseph Young (@iamjosephyoung) February 24, 2019
Meanwhile, technical analyst DonAlt is calling it a classic weekend dump. You can watch his livestream below.