Meanwhile, HASH and HYPE have fallen the most in the past 24 hours after charting impressive gains of late.
Most altcoins followed suit with increased volatility, but some, like SOL, HYPE, and CC, were hit harder than others.
BTC’s newest roller coaster
It was just a week ago when the primary cryptocurrency challenged the $90,000 resistance ahead of the first FOMC meeting of the year. After it became official that the Fed will not cut rates again, BTC initially remained sluggish but started falling in the following hours.
Escalating tension in the Middle East was also blamed for another crash that occurred on Thursday when bitcoin plummeted to $81,000. On Friday it rebounded to $84,000, but on Saturday it plummeted again, this time to less than $75,000. Another recovery attempt was made on Monday, but was rejected for $79,000.
Tuesday brought the latest crash, this time to a 15-month low of $73,000. It has since recovered to just over $76,000, but is still down 3% on the day. Moreover, it has lost 14% of its value weekly and as much as 18% monthly.
Market cap has fallen to $1.525 trillion on CG, while dominance on alts has declined to 57.3%.
SOL Under $100
Most of the larger-capitalization altcoins have felt the effects of the violent market crash lately. Ethereum rose from over $3,000 to $2,100 in a week, before bouncing to $2,280 as of now. BNB has fallen to $760, while SOL has fallen to less than $100 after a daily decline of 7%.
Even the recent high-flyer HYPE is on its way back every day. The token is down 11% to $33. CC and ZEC are also deep in the red, while XMR has benefited most from the larger caps.
The cumulative market cap of all crypto assets has lost more than $70 billion in one day, falling to $2.65 trillion on CG.
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