This weekend doesn’t resemble the previous few, which were a lot less volatile, as the primary cryptocurrency has dumped hard to a ten-day low of under $65,000.
The alternative coins are also well in the red, and the total crypto market cap has lost over $100 billion daily and more than $300 billion in the past few days.Monday began on a high note as BTC soared from $67,000 after retracing on Sunday evening to over $70,000 to register a new all-time high. The asset kept climbing in the following days and peaked at $73,800, which is the current ATH as of now.However, it didn’t see much success there and was quickly driven back down to $68,000.
Similar declines are evident from Binance Coin, Solana, and Ripple. Even more losses come from the likes of Avalanche , Shiba Inu , Dogecoin , Polygon , and Polkadot . The mid- and lower-cap alts have also bled out in the past day. This has resulted in another decline of more than $100 billion for the total market cap, which is now down to under $2.6 trillion. This means that the metric has shed over $300 billion since Friday.Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments.
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