The crypto market has experienced a notable decline, dropping by 4.82% in the last 24 hours.
This has led to the total market cap falling below $2 trillion.
Bitcoin’s price, in particular, has plummeted under $57,000.
The significant loss triggered a death cross event on the total market cap chart, where the 50-day EMA crossed below the 200-day EMA.
The next support level is anticipated to be around the $1.87 trillion mark.
