March 12th is a day that will live in infamy for the crypto markets, with investors watching Bitcoin lead the entire market in an unprecedented downwards movement that led some altcoins to decline as much as 50 percent or more in a matter of mere hours.
The downwards tailwind that catalyzed this decline was created by Bitcoin, which lost the support it had established at $8,000 before facing a swift downwards movement that led it to $3,800.
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