The total cryptocurrency market has erased nearly $100 billion in value within just a few days.
After failing to break above $78,000 earlier this week, bitcoin faced mounting pressure that sent the asset tumbling to a monthly low slightly above $74,000, where it finally managed to find temporary support.
The broader altcoin market also suffered significant losses. Ethereum briefly dropped to $2,000, BNB declined to $640, while XRP slipped to $1.31.
Bitcoin Hits Lowest Level in Over a Month
Momentum generated by progress on the CLARITY Act late last week sparked a strong but short lived rally that pushed bitcoin to $82,000. However, the asset quickly encountered resistance at that level for the second time within the same week, leading to a much steeper correction afterward.
Bitcoin initially declined to $79,000 that Friday before sliding further to $78,000 over the weekend. The new business week started on a bearish note as BTC plunged to $76,000. Although the cryptocurrency attempted a rebound toward $78,000 on Tuesday and Wednesday, sellers regained control and prevented any meaningful recovery.
Instead, bitcoin continued its downward move, falling back to $76,000 on Friday evening before extending losses on Saturday to $75,000 and eventually touching $74,200.
That price level marked bitcoin’s weakest point in more than a month. The asset has now lost roughly $8,000 in less than ten days.
At the moment, bitcoin’s market capitalization has fallen below $1.5 trillion on CoinGecko, while its dominance over altcoins has slipped slightly to 58 percent.
Altcoins Continue to Struggle
Bitcoin’s decline has dragged the broader crypto market lower, with most major altcoins trading deep in the red.
Ethereum briefly touched $2,000 before recovering slightly to around $2,025. BNB dropped to $640, XRP continued struggling to stay above $1.30, and SOL recorded losses exceeding 6 percent.
Other major cryptocurrencies including DOGE, ADA, BCH, LINK, SUI, HYPE, and ZEC also posted notable declines, with some experiencing even steeper pullbacks.
Overall, the combined market capitalization of all digital assets has dropped by approximately $100 billion since Thursday, bringing the total crypto market value down to $2.57 trillion, according to CoinGecko.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic
