Crypto markets have suffered another crash yesterday and continuing into today, with all top 20 cryptocurrencies by market cap deeply in the red, and Bitcoin (BTC) trading below $4,000.
crypto markets are seeing a massive decline of at least 10-15 percent. Stellar (XLM) has suffered the most, down over 20 percent, and trading at $0.14 at press time, according to CoinMarketCap.
Yesterday, Nov. 25, Bitcoin plunged below the $4,000 price point, breaking the threshold for the first time since September 2017. Today, the major cryptocurrency has dropped even further to as low as $3,585 before stabilizing at around $3,800.
As of press time, Bitcoin is trading at $3,835, down just under 10 percent over the past 24 hours.
The biggest cryptocurrency is down more than 32 percent over the past 7 days. Before facing the first massive sell-off this month on Nov. 14, Bitcoin was trading stably around $6,300, which is up about 40 percent from its current price.