$ 60 billion from the cryptoma markets, while BTC slips to weekly: market observation

$ 60 billion from the cryptoma markets, while BTC slips to weekly: market observation

The dive from Bitcoin continued over the weekend and the asset fell under $ 28,000 for the first time in about a week.

The old coins are not in a better constitution, with Matastic, Shib, XRP and Avax fall out of the old coins with a larger upper limit.

Bitcoin falls to $ 28,000

The increased volatility last week culminated in a price increase to just under $ 30,000 on Friday evening. While the bulls were preparing to finally lower this level, the bears came out of the forest and did not allow any further climbs.

on the contrary, Bitcoin started to lose value quickly and slipped under $ 28,500 on Saturday. Sunday was less eventful, with BTC stood around $ 29,000 for most.

When the weekend ended, the landscape changed again to the worse. This time Bitcoin crashed for another giant and fell below $ 28,000 to reach the lowest price for about a week.

The asset still fights to recapture this level. Its market capitalization has dropped to $ 540 billion because BTC is 3.5 % in the minus that day. Its dominance over the alts is quite stable at 47 %.

Btcusd. Tradingview

old coins bleeding out

As it usually happens when BTC goes south, most old coins do so. Ethereum imitated Bitcoin's price drop and fell to $ 1,850. Binance Coincardano, Dogecoin, Solana, Tron and Litecoin have also all declined by about 3-4 %.

More daily drops can be seen from polygon, Ripple, Shiba Inu and Avalanche from the large cap alternatives. They dropped by 5 % or more.

More losses come from Near, APB, LDO, ICP, FTM and HBAR-they have dropped by 6-7 %.

Overall, the entire crypto market capitalization has dropped to $ 1.115 trillion dollars. As such, the key figure has fallen by $ 40 billion a day and $ 60 billion in the last two days.

Overview of the cryptocurrency market. Quantify crypto