Crypto Markets Lost $40B as Bitcoin Dumped to 10-Day Low: Weekend Watch

Bitcoin didn’t react well to the latest PCE data coming from the US and dropped by almost a grand to a ten-day low.

The altcoins also sit deep in the red, with the most substantial losses coming from MATIC, DOT, UNI, and others.The end of last week went a lot better than this one as BTC skyrocketed by double-digits to chart a six-month high above $25,000. It failed to decisively overcome that line at first but kept trying. However, all three attempts saw quickThe latest, which came mid-week, pushed the cryptocurrency south to $23,500.

Ethereum is down by 3% on the day and struggles to remain above $1,600. Binance Coin has declined by a similar percentage and sits at $300. Cardano, Ripple, OKB, Dogecoin, Solana, Shiba Inu, and Litecoin are also in the red, losing up to 5% in a day. Those who have declined by over 5% now are Polygon, Polkadot, Avalanche, Uniswap, Chainlink, Filecoin, and many others.

As such, it’s no surprise that the cumulative market cap of all crypto assets has declined to $1.060 trillion after losing $40 billion in a day.

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