The crypto market cap is down by over $100 billion in the past two days as BTC and all altcoins fell to new weekly lows.
This is all you need not to miss any price action in the raging crypto markets. Start receiving this recap, for free, every day:As of now, it has recovered some ground, but it’s still way below $22,000, and its market cap has plummeted to $415 billion.Similar to bitcoin, the altcoins dropped yesterday and are in even worse shape today.
Ethereum was among the best performers recently, having charted a 74-day high above $2,050 during the weekend. It went on a freefall since then, though, and now struggles to remain above $1,700, meaning it has lost over $300 in less than a week. Binance Coin, Ripple, and Tron are down by up to 9% in the past 24 hours. Even more substantial losses are evident from Cardano, Solana, Dogecoin, Polkadot, Shiba Inu, Avalanche, and Polygon – all of which have dumped by double-digits.
With the lower- and mid-cap alts in a similar state, the crypto market cap is down by $80 billion in a day. The metric has seen over $120 billion gone in the past two days and sits below $1.050 trillion.
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