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Crypto Markets Shed $200B in 48 Hours as Bitcoin Dumps to 12-Day Low (Weekend Watch)

  • Bitcoin's price has dropped to a 12-day low of $103,000, following tension escalation between the US and China.
  • Altcoins such as SUI, LINK, DOGE, SOL, ADA, and more have experienced significant price drops, except for CRO which surged in price.
  • Bitcoin failed to sustain its momentum after reaching almost $112,000 last Thursday, dropping to around $103,000 in response to US-China trade tensions.
  • The total cryptocurrency market cap lost around $200 billion in 48 hours, with Bitcoin's dominance over altcoins increasing to 61.3%.

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