Crypto Markets Dump Below $1T as BTC and Altcoins Fall by Double Digits (Market Watch)

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The cryptocurrency market cap has slumped to an 18-month low of its own beneath the coveted $1 trillion mark.

As it typically happens when BTC heads south hard, so do the alternative coins. Most were well in the red during the weekend, but they have kept plunging on a daily scale.

ETH continues to see new lows. It stood above $2,000 a week ago but has lost over $700 since then and trades well below the 2018 ATH now. A 15% daily decline has pushed the second-largest crypto below $1,300. BNB is down by 11% in a day and sits at $230, while XRP is at just over $0.3. Cardano, Solana, Polkadot, Dogecoin, TRON, and Shiba Inu have all dropped by double digits as well.

Even more losses are evident from NEXO , Fantom , Curve DAO Token , Kava , STEPN , Waves , THORChain , and many others. Ultimately, the cumulative market capitalization of all cryptocurrency assets dipped below $1 trillion for the first time in over a year. The metric has seen $300 billion gone in the past several days.

 

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