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

Published 02/22/2021, 08:40 PM
Updated 02/22/2021, 10:20 PM
Altcoins and DeFi sell-off after Bitcoin’s 17.6% correction below $50K
BTC/USD
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BTC/USDT
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BTC/USD
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In the early morning trading hours Bitcoin (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
BTC/USDT 4-hour chart. Source: TradingView
BTC/USD daily chart. Source: Coin360

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