Crypto Markets Today: Bitcoin Tests Key Support as Bullish Optimism Fades

Bitcoin is trading at $111,000 on Tuesday as it clings on to the critical level $110,000 level of support. The world's largest cryptocurrency has struggled to to recover from a weekend sell-off that saw it tumble from $121,000 to $110,000, wiping out $500 billion in terms of overal crypto market cap. Altcoins have performed even worse of late; plasma (XPL) is down by 58% in a week while FET, OP and ETHFI all lost more than 35% of their value respectively. Derivatives Positioning The BTC futures market ...