The total crypto market cap is down by $100 billion in just a couple of days.

After it was rejected at $78,000 earlier this week, bitcoin’s troubles worsened with a nosedive to a monthly low of just over $74,000, where it finally found some support.

Most altcoins have followed suit on the way down, with ETH dipping to $2,000 today, BNB going down to $640, and XRP sliding to $1.31.

BTC Charts Monthly Low

The progress made on the CLARITY Act at the end of the previous week resulted in an impressive but short-lived BTC price pump that drove the asset to $82,000. However, it was almost immediately rejected at that level for the second time that week, but this correction…