Alicia BakeryThis is all you need not to miss any price action in the raging crypto markets. Start receiving this recap, for free, every day:Despite recovering over a grand since then, BTC is still more than 7% down on the day. Its market cap, which was above $570 billion, now struggles at under $515 billion. Its dominance over the alts has also taken a hit and is down to 48.4% on CMC.As it typically happens when there’s a big crash with bitcoin, the altcoins suffer just as badly, if not worse.
Binance Coin, Cardano, Solana, Dogecoin, Polkadot, Polygon, and Shiba Inu have dumped by similar percentages. More losses come from Ripple, Litecoin, and Bitcoin Cash. All of them have nosedived by double-digits. In XRP’s case, the 15% drawback has pushed the asset down to $0.5. Most other lower- and mid-cap altcoins have dropped by somewhere between 5 and 10% as well. As such, the total crypto market cap has slumped by $70 billion in just a day to $1.060 trillion. The metric has seen more than $100 billion gone since Tuesday.