The market has taken quick downturn shedding nearly 20B in the span of 48 hours. Right now, the market cap is down to 242.46B. Dominance is down to 56.13%.
The drop in Bitcoin price has had an adverse affect on the alt market. As the price has dropped, the market dominance for alts has risen, which suggests possible short-term price decoupling between the markets.
The price of Bitcoin is currently in a free fall, the volume has remained bearish and flat over the past 24 hours.
Indicators are nearing oversold territories, and the current low is still at a higher low than the sell off on 5/17/19.
Critical levels of support to watch over the next 24 hours are 7600, 7400, and 7200.
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