{"id":285850,"date":"2021-03-25T07:46:30","date_gmt":"2021-03-25T11:46:30","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=285850"},"modified":"2021-03-25T07:46:30","modified_gmt":"2021-03-25T11:46:30","slug":"deepening-bitcoin-correction-sees-150-billion-wiped-from-crypto-markets","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/deepening-bitcoin-correction-sees-150-billion-wiped-from-crypto-markets","title":{"rendered":"Deepening Bitcoin Correction Sees $150 Billion Wiped From Crypto Markets"},"content":{"rendered":"

It seems that another \u201cHealthy Correction\u201d is due for the crypto markets in general, and a sea of red can be seen all across it. However, it seems that Bitcoin has taken the brunt of this new downtrend.<\/p>\n

Another \u201cHealthy Correction\u201d Looming<\/h2>\n

Within the past 24 hours, around $150 billion was wiped out of the crypto markets<\/a> in general. This resulted in the crypto space going down to $1.66 trillion in terms of total market cap, having recorded an intraday market cap of $1.81\u00a0 Micha\u00ebl van de Poppe stands as a technical analyst, and has declared that the critical support levels for the crypto space stands at a market cap of $1.5 trillion.<\/p>\n

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As long as the total market capitalization for #crypto<\/a> remains above $1.5 trillion, this one is still very bullish and on the road to $2 trillion. pic.twitter.com\/Xt0OPta1OJ<\/a><\/p>\n

— Micha\u00ebl van de Poppe (@CryptoMichNL) March 25, 2021<\/a><\/p><\/blockquote>\n