Bitcoin and altcoins have seen significant declines over the weekend, with Bitcoin falling below $28,000 for the first time in about a week. Ethereum and other altcoins have also declined by 3-4%, while larger-cap alts like Polygon, Ripple, Shiba Inu, and Avalanche experienced drops of 5% or more. The total crypto market cap has declined to $1.115 trillion, dropping by $40 billion daily and $60 billion in the past two days. The market volatility has been attributed to a range of factors, including regulatory concerns, China's crackdown on crypto mining, and concerns over environmental impact.
(By Jordan Lyanchev)
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