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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