After flirting with $44,000 for a few days, bitcoin was violently rejected and dropped to a two-week low of around $40,000. The altcoins have also turned red with substantial price losses from Ethereum, Terra, Shiba Inu, MATIC, and others.The past several days were actually quite positive for the primary cryptocurrency. After dipping to the 50-day moving average and January 2021 ATH of $42,000 on Monday and Tuesday, the asset went on the offensive and surged to nearly $45,000.
Similar price declines are evident from Binance Coin, Ripple, Cardano, Solana, Avalanche, Polkadot, and Dogecoin. Terra , Shiba Inu , MATIC , CRO , and LTC are even deeper in red.The cumulative market cap of all crypto assets decreased by more than $130 billion in a day and is down to $1.850 trillion.
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