Bitcoin Dumped to 2-Week Low, ApeCoin Nosedives 8% (Market Watch)

After several days of trading sideways around $27,000, bitcoin took a turn for the worse and dropped to its lowest price position in almost two weeks.

The altcoins are in no better shape, with ETH slipping below $1,800 and ADA dumping by 3% in a day. LDO is among the few exceptions with daily gains.After the price slumped to $26,500 last week, bitcoin recovered most losses and stood at and above $27,000 during the weekend. The start of this week was even more positive as the cryptocurrencyHowever, the bears intercepted the move and didn’t allow any further increases.

Binance Coin has retraced to $305 after a 1% daily decrease. More losses among the top 15 coins come from the likes of Ripple, Cardano, Dogecoin, Solana, Polkadot, Litecoin, Shiba Inu, and Avalanche. However, ApeCoin and Algorand have dumped the most from the top 50. APE has slumped by over 8% to $3.2, while ALGO is down by 5% to $0.15.

The crypto market cap has shed another $20 billion in a day and is down to precisely $1.1 trillion on CMC.

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