Bitcoin price drops to a multi-week low of $103,000, marking a 1.59% decrease in the last 24 hours, leading to a decline in altcoins like ETH, XRP, DOGE, SOL, ADA, and more.
Cronos (CRO) stands out by gaining over 17% and trading near $0.11, going against the market trend where Bitcoin touched $112,000 on May 22 but couldn't maintain the momentum.
Altcoins ETH, XRP, DOGE, SOL, ADA, SUI, LINK, AVAX, and others experienced notable drops, with lower market cap altcoins like ENA, INJ, VIRTUAL, and PEPE dropping by double digits.
The overall crypto market faced a loss of $200 billion in the last two days, currently standing at $3.360 trillion, with specific altcoins facing significant losses while Cronos (CRO) recorded substantial gains amidst the market turmoil.