The crypto market witnessed a sudden freefall as the U.S. dollar index (DXY) jumps to a 20-year high of 112.87. Top cryptocurrencies including Bitcoin (BTC) and Ethereum (ETH) fell over 2% in an hour. Bitcoin was trading over the $19k level, but tumbled to $18.6k after the sell-off. Whereas, Ethereum (ETH) was earlier trading near The post Crypto Market Freefall: Bitcoin and Ethereum Erases Earlier Gains, Here’s Why appeared first on CoinGape.
