– The cryptocurrency market lost close to $100 billion off its total capitalization, which currently sits at $1.150B during the past seven days.
– Bitcoin’s price crashed by roughly 9% through the past week and is currently trading at around $26,500.
– Most of the altcoins are trading well in the red.
Crypto Market Recap
The past seven days saw the cryptocurrency market lose close to $100 billion off its total capitalization, which currently sits at $1.150B. It’s not been very fun for market participants as the majority of coins are trading well in the red.
PEPE’s Crash and Burn
Once again, the hottest story of the week might as well be PEPE, but not for the same reasons as last week. It has lost over 70% since its all-time high.
Bitcoin Price Drops to $26K
Bitcoin’s price crashed by roughly 9% through the past week and is currently trading at around $26,500. There’s no sugarcoating it – it’s been down-only, and buyers failed to catch a break. The bears were relentless and rejected the price at the single attempt at $30K this time last week, and it’s been an avalanche afterward.
Altcoin Prices Also in Red
Looking at altcoins, most of them are also trading in red with Ethereum (ETH) being one example.
CPI Announcement Didn’t Help Much
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