\n\t\t\t\t\t\t\t\t\tThe total crypto market cap is down by $100 billion in just a couple of days. \t\t\t\t\t\t\t\t<\/p>\n<\/p><\/div>\n
After it was rejected at $78,000 earlier this week, bitcoin\u2019s troubles worsened with a nosedive to a monthly low of just over $74,000, where it finally found some support.<\/p>\n
Most altcoins have followed suit on the way down, with ETH dipping to $2,000 today, BNB going down to $640, and XRP sliding to $1.31.<\/p>\n
BTC Charts Monthly Low<\/h2>\n
The progress made<\/a> on the CLARITY Act at the end of the previous week resulted in an impressive but short-lived BTC price pump that drove the asset to $82,000. However, it was almost immediately rejected at that level for the second time that week, but this correction has been a lot more painful.<\/p>\n The cryptocurrency first slipped<\/a> to $79,000 by that Friday before it dropped to $78,000 during the weekend. The business week began on the wrong foot with a nosedive to $76,000. After it bounced to $78,000 on Tuesday and Wednesday, the bears stepped up on the gas pedal once again and didn\u2019t allow a more impressive rebound.<\/p>\n Just the opposite; bitcoin dropped to $76,000 yesterday evening and kept plunging on Saturday to $75,000 at first and then to $74,200 minutes ago<\/a>. The latter became BTC\u2019s lowest price point in just over a month. Here are some possible reasons<\/a> for its $8,000 drop in less than 10 days.<\/p>\n For now, its market capitalization has dumped below $1.5 trillion on CG, while its dominance over the alts has retreated slightly to 58%.<\/p>\n As mentioned above, bitcoin\u2019s correction is not an isolated case. Essentially, the entire larger-cap altcoin field is in the red today. Ethereum dipped to $2,000 earlier today before it jumped slightly to $2,025 as of now. BNB is down to $640, XRP struggles to remain above $1.30, while SOL has plunged by over 6%.<\/p>\n Similar or more painful declines come from DOGE, HYPE, ZEC, ADA, BCH, LINK, SUI, and many others.<\/p>\n The cumulative market cap of all crypto assets has shed $100 billion since Thursday and is down to $2.570 trillion on CoinGecko.<\/p>\n \u00a0<\/p>\nAlts Bleed Out<\/h2>\n
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