The total crypto market capitalization dropped by approximately $100 billion from top to bottom.
Bitcoin was rejected yesterday at $69,200 and plummeted towards $66,000 this morning after Trump’s latest statement that the war against Iran will continue with more attacks.
Altcoins are also in the red, with ETH falling to $2,050, while SOL and HYPE are down more than 5%. XRP has managed to surpass BNB in terms of market capitalization positioning.
BTC fell $3K
Bitcoin’s weekly correction began last Wednesday when the asset was rejected at $72,000 and fell to $65,600 on Friday. After losing more than $6,000 in just a few days, the asset recovered and remained above $66,000 over the weekend.
It fell to a monthly low of $65,000 on Monday morning, when some of the traditional financial markets opened. The bulls finally stepped up at this point and did not allow another decline. Instead, BTC regained some traction and, despite increased volatility due to contrasting reports about the war in the Middle East, jumped to $69,200 yesterday.
However, then came Trump’s long-awaited speech in which he was expected to reduce tension in Iran, according to reports. However, the reality was quite the opposite as he said the conflict is likely to escalate and BTC fell to just over $66,000, losing $3,000 from yesterday’s peak.
Although it has regained some ground since then, it is still trading below $67,000 and its market capitalization has dropped to $1.335 trillion on CG. Its dominance over alts is above 56%.
XRP invests BNB
Altcoins are also in the red on a daily scale. Ethereum has lost over 3% of its value and is down to $2,050 as of now. SOL, HYPE, LINK, and AVAX have plunged 5% to 6%, while BCH, ADA, and DOGE are down 3% to 4%.
Although XRP has also fallen by almost 3%, it has managed to overtake BNB in terms of market capitalization. There are also a couple of double-digit gains, but green is in short supply today. STABLE and ALGO have soared more than 19% in one day.
The total crypto market cap fell by $100 billion top to bottom before recovering to $2.38 trillion as of now.
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