Bitcoin’s nosedives continued over the weekend, and the asset fell below $28,000 for the first time in about a week.
The altcoins are in no better shape, with MATIC, SHIB, XRP, and AVAX dumping hard from the larger-cap alts.The enhanced volatility last week culminated in a price surge to just under $30,000 on Friday night. While the bulls were to finally take down that level, the bears came out of the woods and didn’t allow any further increases.under $28,500 on Saturday. Sunday was less eventful, with BTC standing around $29,000 for most of it.
As the weekend was coming to its end, though, the landscape changed for the worse once more. This time, bitcoin plummeted by another grand and fell under $28,000 to chart its lowest price tag in about a week.This is all you need not to miss any price action in the raging crypto markets. Start receiving this recap, for free, every day:The asset still struggles to reclaim that level now. Its market cap has dumped to $540 billion as BTC sits 3.5% down on the day.
More daily drops are evident from Polygon, Ripple, Shiba Inu, and Avalanche from the larger-cap alts. They have dumped by 5% or more.Overall, the total crypto market cap has declined to $1.115T on CMC. As such, the metric has dropped by $40 billion daily and $60 billion in the past two days.