Bitcoin fell to 2-week deep, Apecoin crashed by 8 % (market observation)

Bitcoin fell to 2-week deep, Apecoin crashed by 8 % (market observation)

After Bitcoin was traded sideways around the $ 27,000 mark for several days, it worsened and fell to the lowest price for almost two weeks.

The old coins is no better: ETH slipped below $ 1,800 and Ada lost 3 %in one day. LDO is one of the few exceptions with daily growth.

BTC fell to 2-week low

After the price had fallen to $ 26,500 last week, Bitcoin made up the most losses again and was with and over $ 27,000 at the weekend. The beginning of this week was even more positive because the cryptocurrency jumped to $ 27,500 on Tuesday and reached a multi-day high.

The bears caught the movement and did not allow any further increases. On the contrary, they reduced the asset to around $ 27,000.

The last 24 hours have caused the bull even more pain, since BTC in the meantime broke up by more than one thousand and fell below $ 26,000 for the first time since May 13th. Despite a recovery and recovery by a few hundred US dollars since this low, Bitcoin is still 2 % less than during the day.

Therefore, its market capitalization has dropped to $ 505 billion. Its dominance to the Alts has also suffered a slight break -in and is now 46.1 % on CMC.

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ape falls hard

As is usually the case, when BTC goes down, this also applies to most old coins. Ethereum is a prime example. The second largest digital asset has fallen by over 2 % and is traded below $ 1,800.

Binance Coin decreased to $ 305 after a daily decline. Further losses among the top 15 coins suffer companies such as Ripplecardano, Dogecoin, Solana, Polkadot, Litecoin, Shiba Inu and Avalanche.

apecoin and algorand have crashed most of the top 50. APE fell by over 8 % to $ 3.2, while ALGO fell 5 % to $ 0.15.

The crypto market capitalization lost a further $ 20 billion in one day (and over $ 40 in two days) and has dropped to exactly $ 1.1 trillion at CMC.

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