Bitcoin’s price dipped below $50,000 for the first time since February, reaching a low of $49,351 before making a recovery to around $51,000. As a result, the original coin’s dominance rose to 58% as both the altcoin and stock markets collapsed, wiping out over 17% of the total cryptocurrency market capitalization.
Bitcoin slips below $50,000 mark as crypto market bleed only gets worse
