Crypto Market Cap Drops Below $2T as Bitcoin Slides to 17-Day Low (Weekend Watch)

Bitcoin’s recent nosedives continued in the past 24 hours, and the asset slipped to a 17-day low of around $42,000.

It was just several days ago when bitcoin was fighting to reclaim $47,000 and spiked above that level twice within a 48-hour period.

Both attempts were rejected rather rapidly, but the second one was met with a more violent correction.

It bounced off from that line and spiked to $44,000, but that turned out to be a fake breakout, and bitcoin went south once again.

Ethereum is among the more modest losers, with a 1.5% decline on a daily scale.

Binance Coin, Ripple, Polkadot, Shiba Inu, and CRO have slipped by less than 5%.

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