A sharp crypto market decline over the past 24 hours catches many on the wrong side of the trade, with Bitcoin slumping to new support levels.
Just a little over 24 hours ago, significant optimism appeared to be returning to the crypto market as assets had soared with the turn of the new year, culminating in Bitcoin reclaiming the $100,000 price point.
However, fast forward to today and the market is back in the red, having wiped out thousands of leverage traders.