Bitcoin's price has dropped below $28,000 for the first time since April 9, and the altcoins are also deep in the red. The total market cap has lost almost $90 billion in the past two days. Bitcoin was trading sideways during the weekend, but it slumped by a grand in minutes on Tuesday, resulting in breaking below $28,000. Despite recovering a few hundred dollars since then, BTC still struggles to maintain $28,000, and it is roughly 3% down on the day and over 8% on a weekly scale. Most alternative coins have also lost value, with Ethereum losing over $200 and struggling to remain above $1,900. The total crypto market cap has dumped beneath $1.2 trillion, losing roughly $90 billion in the past two days.
(By Jordan Lyanchev)
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