$100B Gone From Crypto Markets as BTC, ETH, XRP Nosedive: Market Watch

Some of the worst-hit alts today are PUMP, CC, ENA, LIT, and ZEC. Bitcoin’s latest rejection at $84,000 resulted in another major leg down on Thursday morning, with the asset plummeting to a fresh monthly low of $80,200. This substantial correction didn’t spare the altcoins as well, with many plummeting by over 5% from top to bottom. The total crypto market cap dumped by over $100 billion at one point. BTC Crashed Toward $80K It was precisely a week ago — last Thursday — when the primary cryptocurrency was sliding hard and slumped to a then-multi-week low of $80,400. The bulls finally intervened after this major $6,500 decline in just days and helped the asset recover some ground to $83,000 over the weekend. They even pushed it to $84,000 at the start of the business week, but that was short-lived, and BTC tumbled below $81,000 on Tuesday morning as South Korea’s KOSPI plummeted. Nevertheless, bitcoin rebounded again and went into the Wednesday CPI announcement trading close to $84,000. As inflation in September turned out to be slightly higher than expected, the cryptocurrency slipped again toward $82,000. It remained there for a while, but the growing tension in the Asian markets...