Not a Dump: Crypto Market Loses $15 Billion in a Day as Bitcoin Slips


Global crypto assets trended in a red zone this Thursday, with the CoinMarketCap chart noting an 8.11 percent drop as bitcoin slipped.Bitcoin Leads the Corrective SentimentBitcoin, the most dominant asset across the global cryptocurrency index, plunged 4.24 percent in what appeared like a technical correction. The cryptocurrency on April 2 had undergone a surprising bullish makeover, jumping more than 23 percent in just two hours. The upside move pushed its trading sentiment into the overbought zone, which typically makes a profitable exit position for day traders. (Read our NewsBTC coverage here for more insights on bitcoin price.)Global Cryptocurrency Market Valuation Plunges 8.11 Percent | Source: CMCThe rest of the cryptocurrency market, known for tailing the bitcoin trend, stuck to following it during today’s trading session. The second-most dominant Ethereum posted an aggressive 9 percent drop while XRP, the third-largest crypto, noted a 7 percent decline. Super bullish EOS, Litecoin and Bitcoin Cash also toppled in a range of 10-14 percent.The only exception came in the name of Chain. The blockchain project appreciated in valuation despite the session’s bearish sentiment, noting a 14-percent surge in the past 24-hours.What Kicked the Crypto Market?Developments inside the cryptocurrency market were not adequately influencing

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