Bitcoin Price Falls $8K to 3-Week Low, Altcoins Crash
Bitcoin nosedived to a three-week low of $52,148 during Sunday's Asian hours.
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Dogecoin briefly replaced XRP as the fourth-largest coin early Monday.
BTC’s April 13 breakout above $60,000 and subsequent all-time high failed.
NYDIG's analyst also noted significant BTC spot price discounts on Binance compared to Coinbase.
Record futures liquidations show leverage was excessively skewed bullish.
"The loss of bullish momentum is only short term in nature," one chart analyst said.
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