This is all you need not to miss any price action in the raging crypto markets. Start receiving this recap, for free, every day:As of now, it has recovered some ground, but it’s still way below $22,000, and its market cap has plummeted to $415 billion.Similar to bitcoin, the altcoins dropped yesterday and are in even worse shape today.
Ethereum was among the best performers recently, having charted a 74-day high above $2,050 during the weekend. It went on a freefall since then, though, and now struggles to remain above $1,700, meaning it has lost over $300 in less than a week. Binance Coin, Ripple, and Tron are down by up to 9% in the past 24 hours. Even more substantial losses are evident from Cardano, Solana, Dogecoin, Polkadot, Shiba Inu, Avalanche, and Polygon – all of which have dumped by double-digits.
With the lower- and mid-cap alts in a similar state, the crypto market cap is down by $80 billion in a day. The metric has seen over $120 billion gone in the past two days and sits below $1.050 trillion.