Cryptoma markets lost $ 90 billion in 2 days when BTC falls below $ 28,000: market observation

Cryptoma markets lost $ 90 billion in 2 days when BTC falls below $ 28,000: market observation

The price decline from Bitcoin continued in the last 24 hours, with the asset for the first time since April 9th ​​fell below $ 28,000

The old coins are also deep in the minus. The entire market capitalization has lost almost $ 90 billion in the last two days.

BTC slips under $ 28,000

Bitcoin acted sideways at the weekend, and it was only on Tuesday that it finally made a movement and fell by a giant to $ 29,100. However, the bulls quickly caught the movement and pushed the asset north, which helped him get back the coveted $ 30,000 line.

The landscape began to change shortly afterwards when BTC broke up by a giant within minutes. However, that was only the beginning, since the bears drove it south in the last 24 hours. This led to a breakthrough under $ 28,000 for the first time in almost two weeks.

Although BTC has regained a few hundred dollars since then, it is still fighting to keep $ 28,000. It is about 3 % in the day of the day and over 8 % in a week comparison.

its market capitalization, which reached $ 600 billion a few days ago, is now well below $ 550 billion. His dominance over the old coins has recovered a bit, but is still less than 46 %.

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alts are red

Similar to Bitcoin, most alternative coins have not enjoyed in the past few days. Ethereum reached an 11-month high after the Shapella update last week, but has lost over $ 200 since then. As a result, the second largest cryptocurrency is currently struggling to stay over $ 1,900.

ripple, Cardano, polygon, Solana, Polkadot, Litecoin, Shiba Inu and Avalanche are also deep in the red with losses of up to 5 % in one day. Dogecoin dropped the most (-8.5 %), perhaps due to the relationship of the wealth value to Elon Musk. As became known yesterday, the latest rocket from Starship exploded shortly after her start.

da ICP, Near, GRT and many other mid and Lower cap alternatives have significant losses, the entire crypto market capitalization has fallen below $ 1.2 trillion. This means that the metric has lost around $ 90 billion in the past two days.

Overview of the cryptocurrency market. Quantify crypto