#CryptoRegulation
The crypto market took a hit today as Bitcoin dropped below a key support level, weighed down by profit-taking and broader macro concerns.
On Thursday, May 15, afternoon Asian time, the total crypto market cap slid by 4.8% to $3.39 trillion. Bitcoin Bitcoin
-1.42%
Bitcoin dipped 1.6% to around $101,846, losing the $103,100 support level.
Analysts are now watching the $101,600 mark as the next crucial level that it needs to hold to keep the recent bullish momentum alive
