Crypto Markets Turn Red as Bitcoin Dumps by $1K

After charting a three-week high recently, BTC stalled at around $28,000 but dumped hard in the past several hours. The altcoins have also turned red, with ETH dropping under $1,900. The total market cap is down by over $20 billion in a day. Bitcoin fell hard on Thursday to a two-week low below $26,000 but reacted well and recovered almost all losses by the weekend. Sunday saw another minor leg-up that drove the asset to $27,400. BTC shot up by roughly a grand and touched a three-week high at $28,500 (on Bitstamp). Its market capitalization has slumped to $525 billion, and its dominance over the alts is down to 46.3%.

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