#MarketPullback Bitcoin’s Slump Sends Waves Through $3.32T Crypto Market

Overall, the mood stays gloomy, with bitcoin traders likely holding off for either a decisive trend shift or a strong bounce backed by heavy volume, as bearish forces currently have the upper hand. In the last 24 hours, bitcoin has tallied $35.53 billion in global trading volume, but even with today’s dip, BTC remains up 4.4% for the week.

BTC/USD 1-hour chart via Bitstamp at 7:30 p.m. Eastern time.

The drop, however, has pulled the entire