Altcoins and DeFi sell-off after Bitcoin’s 17.6% correction below $50K By Cointelegraph

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Altcoins and DeFi sell-off after Bitcoin’s 17.6% correction below $50K

In the early morning trading hours (BTC) price abruptly dropped by 17.65% which triggered a major downturn throughout the entire market.

Data from Cointelegraph Markets and TradingView shows that Bitcoin decreased from a high of $58,274 on Feb. 21 to a low of $47,622 during the early hours on Monday before buyers returned to lift BTC to its current value of $53,350.

Daily cryptocurrency market performance. Source: Coin360
4-hour chart. Source: TradingView
daily chart. Source: Coin360