Beginner Why long-term crypto holders borrow against assets instead of selling A strategic guide to liquidity management, capital preservation, and the real tradeoff between selling and borrowing crypto Open guide 
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Crypto markets plunge as Euro trading hours start, Bitcoin loses support at $22,000
Crypto markets sell-off amid unknown factors at this time.
Cover art/illustration via CryptoSlate. Image includes combined content which may include the use of AI tools.
Cryptocurrencies fell sharply during the start of Euro trading hours, with the total crypto market cap losing 3% to bottom at $1.049 trillion.
Bitcoin fell 6% to the downside, losing $22,000 in the process. The swing dropped as low as $21,400, marking a three-week low for the market leader. A slight rally followed, with BTC priced at briefly regaining $22,000.
The Relative Strength Index (RSI) plunged to 38.53, a level not seen since July 12. At writing, further sell pressure is mounting, with an imminent retest of $21,400 support looking likely.
No new fundamental developments have transpired during this time, making the reason for the drop unclear.
