HomeUncategorizedWhy is the crypto market down today? By Cointelegraph

Why is the crypto market down today? By Cointelegraph

August 20, 2023

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Price trends across the cryptocurrency market remained in a downtrend on Aug. 19 as the total market capitalization tries to stay above $1 trillion.

(BTC) price has also been unable to hold the $26,000 level as the markets moved into the weekend.

Crypto market vs. daily performance chart. Source: TradingView
Bitcoin suffered the most liquidations vs. the rest of the crypto market. Source: CoinGlass
MSCI vs. crypto market daily performance chart. Source: TradingView
Crypto market’s daily performance chart. Source: TradingView
Crypto market’s weekly performance chart. Source: TradingView