{"id":3320,"date":"2026-05-23T21:31:45","date_gmt":"2026-05-23T21:31:45","guid":{"rendered":"https:\/\/blog.coinsignals.net\/?p=3320"},"modified":"2026-05-23T21:31:45","modified_gmt":"2026-05-23T21:31:45","slug":"bitcoin-falls-to-new-monthly-low-as-ethereum-slides-to-2k","status":"publish","type":"post","link":"https:\/\/blog.coinsignals.net\/index.php\/2026\/05\/23\/bitcoin-falls-to-new-monthly-low-as-ethereum-slides-to-2k\/","title":{"rendered":"Bitcoin Falls to New Monthly Low as Ethereum Slides to $2k"},"content":{"rendered":"\n
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The total cryptocurrency market has erased nearly $100 billion in value within just a few days.<\/p>\n\n\n\n

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.<\/p>\n\n\n\n

The broader altcoin market also suffered significant losses. Ethereum briefly dropped to $2,000, BNB declined to $640, while XRP slipped to $1.31.<\/p>\n\n\n\n

Bitcoin Hits Lowest Level in Over a Month<\/strong><\/p>\n\n\n\n

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.<\/p>\n\n\n\n

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.<\/p>\n\n\n\n

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.<\/p>\n\n\n\n

That price level marked bitcoin\u2019s weakest point in more than a month. The asset has now lost roughly $8,000 in less than ten days.<\/p>\n\n\n\n

At the moment, bitcoin\u2019s market capitalization has fallen below $1.5 trillion on CoinGecko, while its dominance over altcoins has slipped slightly to 58 percent.<\/p>\n\n\n\n

Altcoins Continue to Struggle<\/strong><\/p>\n\n\n\n

Bitcoin\u2019s decline has dragged the broader crypto market lower, with most major altcoins trading deep in the red.<\/p>\n\n\n\n

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.<\/p>\n\n\n\n

Other major cryptocurrencies including DOGE, ADA, BCH, LINK, SUI, HYPE, and ZEC also posted notable declines, with some experiencing even steeper pullbacks.<\/p>\n\n\n\n

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<\/a> https:\/\/t.me\/coinsignalpublic<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

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...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-3320","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts\/3320","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/comments?post=3320"}],"version-history":[{"count":1,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts\/3320\/revisions"}],"predecessor-version":[{"id":3322,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts\/3320\/revisions\/3322"}],"wp:attachment":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/media?parent=3320"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/categories?post=3320"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/tags?post=3320"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}